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Updated almost 10 years ago,

User Stats

19
Posts
3
Votes
Tony Dragoo
  • Saint Charles, IL
3
Votes |
19
Posts

Need Some Advice!

Tony Dragoo
  • Saint Charles, IL
Posted

So here's the situation, my parents have a home in my hometown and are also renting one out in Chicago after we moved here, he makes both the rent payment and his own mortgage payment for his home. There confused on whether to sell the house now (and not make much profit) or rent it out for almost the mortgage they pay now (and still have to pay about 200 dollars a month) seeing as it wouldn't rent for that much in a small town, but after a while own the home after renters pay it off, any thoughts??

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