General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 5 years ago,
selling vs rental property
Hello BP network! I am fairly new to this forum, so bear with me :) I am a Realtor, and I have a client who bought their 5 bed, 2 bath house only a year ago here in Colorado Springs for $275K. They are now looking to sell their property, but they obviously have not been in the house long enough to make much money back (they put $55K down on the house) even with how hot our market has been. The rental market is pretty good here right now, so I was wondering if anyone has knowledge of a useful tool they've used, or currently use, to analyze whether it would be beneficial for them to rent out the property versus just selling it and losing out on potential income?
Thanks in advance!