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Updated about 9 years ago,
$850 a year profit
Had my house for 2 years, just switched over to a 15 year mortgage. My house I rent out is on year 1 of a 15 year mortgage. $107,000 left on mortgage, house is worth $150,000. I use a service to find renters and take care of everything. With that said, after service fees, I clear $850 a year. Would you stick with $850 a year, hoping nothing breaks, or sell. The 15 year has no pmi so building decent equity in a few years. What are your thoughts?