Sell, stay or rent out

[Leticia S. Tucker]

I have a home in a desirable neighborhood. Currently have mortgage at 2.75. Could leave and rent out make $900 to $1,000/month.

OR... I could sell and net $200,000 to $300,000, no capital gains.

I am hoping to retire in 10 years.

I could move to one of my two rental homes (making less than $500 on each). I can't sell those because I got them 6 months ago using a 1031.

What would you do? And why?

[Steven Foster Wilson]

Quote from @Leticia S. Tucker:

I have a home in a desirable neighborhood. Currently have mortgage at 2.75. Could leave and rent out make $900 to $1,000/month.

OR... I could sell and net $200,000 to $300,000, no capital gains.

I am hoping to retire in 10 years.

I could move to one of my two rental homes (making less than $500 on each). I can't sell those because I got them 6 months ago using a 1031.

What would you do? And why?

Why not refinance and rent it out? Then you can use the refinance money to go buy another and get passive income. Or HELOC it? I would call lenders and see what is the best they could do. I like to use this calculator to run my numbers https://www.calculator.net/ren...