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Updated almost 8 years ago,
Home Owner Looking to Rent (Possibly) question
Hey everyone - Sorry if this has been asked before, but please bear with me.
I am a homeowner looking to buy a new home, and rather than sell my current home, I'd like to rent it out. We are in Central Wisconsin (Wausau).
My current home is a 3 BR 1.5 bath ranch style home, about 2500 sq ft, 2 car detached garage, walk out basement. This is our first home, so we were brand new to everything. We put $10k down, and have a ~$85k loan. Our mortgage is about $730/month. We think it would sell for $100-105k.
Would it be better to sell our current home? Rent it? We've thought about selling and just buying a duplex to start our real estate journey, but haven't bit the bullet yet.
Any words of encouragement? Ideas?
Thanks!