Renting vs moving back to own property

[Sonia Vanegas]

Hello,

My name is Sonia I own a townhouse here in Atlanta Ga and decided to rent it out and move back home to payoff my student loans. I am not done with my loans yet, however I am ready to move out of my parents house. I have thought of two options and I am not sure which way to go about it. Since Atlanta is becoming a tourist spot and a lot of business people are coming for work, I thought about renting out a 2 bed apartment in the city. My plan is to airbnb one room and use that to pay for the rent while keeping my townhouse rented. Option 2 would be to move back into my townhouse. The issue with this is that it wont allow me to save up as much as the renting would if everything works out. My future goal is to continue to purchase buy and hold properties so that I can retire early. Any advice on this would be very helpful!!! I have also tried to get pre- approval for a new mortgage and got denied. Plan 3 was to buy a new property. 

Thank you

[Amy Beth]

If you can’t tolerate living with your parents anymore how about renting an apartment with a roommate situation on the cheap? Search Craigslist for someone whom already has a two bedroom apartment and wants a roommate. That way you can pay off your debts faster with less risk. Airnbnb is having crackdowns so that could be risky for you if u are relying on it to afford the two bedroom apartment.