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Updated over 6 years ago,
Sell my primary or convert to a rental?
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!