Live in-Rent or Sell our House
Should we sell our house we’ve been living in- currently worth 245k. We bought it for $182k about 4 years ago.
Rents are about 1800-1900 in the neighborhood. Middle class neighborhood to a T. Police, firefighters, mechanics, city workers, etc. Excellent school district with much construction happening now- neighborhoods are popping up left and right as well.
Our mortgage is about $1385. We just refinanced to a 2.125%, 15yr mortgage.
I’m leaning towards renting it out for about 2 years and then consider selling it since we wouldn’t have to pay capital gains on it.
Any thoughts on what we should do?