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Updated over 6 years ago on . Most recent reply

User Stats

23
Posts
7
Votes
Alex Wade
  • Real Estate Agent
  • Portland, OR
7
Votes |
23
Posts

Sell my primary or convert to a rental?

Alex Wade
  • Real Estate Agent
  • Portland, OR
Posted

My plan for several years has been to buy owner occ propreties and convert them to rentals when I move to the next.   After finding BP i'm not sure that makes sense. 

I bought my newest home Sept 2017 with 3% down... paid for some repairs with cash for a total of $20k.  Sunk cost. 

Now it appears I could sell and net $30k or rent and MAYBE cash flow $50-100/mo.  That factors in no budgeting for capital expenditures. 

I want rentals and i know rents will go up so I hate the idea of selling... but am I looking at this wrong?

House was built in 2015 so it's fairly new.  I am in Portland and i'm learning it's hard to find propreties that cash flow nicely.  Thank you!

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