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Updated about 6 years ago,

User Stats

20
Posts
1
Votes
Mike Geier
  • Real Estate Investor
  • Baltimore, MD
1
Votes |
20
Posts

Should I turn my primary into a rental if it doesn’t meet 1%?

Mike Geier
  • Real Estate Investor
  • Baltimore, MD
Posted
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?

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