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Updated about 6 years ago,
Should I turn my primary into a rental if it doesn’t meet 1%?
We plan to move in the next 4 years to a better school district.
We purchase our townhome for 251k. If we keep it as a rental we can get 1750-2100 per month in rent.
This violates the 1% rule. The mortgage rate is 4.5%.
The place is in good shape so I think the cap ex would be low.
Should we do keep it as a rental or sell it and invest the money elsewhere?