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Updated almost 2 years ago on . Most recent reply

User Stats

26
Posts
3
Votes
Alex Waite
  • Richmond, VA
3
Votes |
26
Posts

Sell or rent out house hack?

Alex Waite
  • Richmond, VA
Posted

Hello all,

I am in a situation where I can sell my house hack which has been relatively successful for the past 1.5 years. I can make between 30-40k after selling costs and paying off remaining mortgage. For perspective I put in about 20k between DP and to get house hack ready to rent.

OR i can rent out the whole SFH and make about 300 per month after PITI, vacancy, capex.

OR I can continue living in house hack and use a HELOC to further investments.

I am leaning towards taking the quick cash by the appreciation. Am I missing anything? What is everyone thinking?

Thanks!

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