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Updated almost 8 years ago,
To rent a house vs sell
Hello,
I have a house that I purchased for my personal residence but I know want something smaller. It was built in 2014. Since I am now getting in to REI I want to know what do you guys think the best thing for a newbie Investor to do, rent it out or sale. If I sale The only stand to make 10-15k after commissions. If I lease I'm only making about $160 per month, with about $600 in HOA, leaving me with $1300 a year before any other expenses. I really wanted store lease so I could get experience under my belt. What advice or outlook could anyone give.
Thanks