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Updated over 2 years ago,
Sell, stay or rent out
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?