Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 5 years ago on . Most recent reply

User Stats

2
Posts
0
Votes

sell below the market vs keep it as rental

Posted

Hi,
I have an out of state rental property in Albuquerque, NM. My monthly mortgage is above the current rent ( ~3000 mortgages vs ~2000 rent). I manage the property remotely. My tenant will move this month. The estimate selling market for the house is about 410k. I was wondering if I should put the house in the market for even $20k below the market to sell asap or try to find another tenant and resent the house. The interest rate for my mortgage is pretty low ( 3.37) and I don't think refinancing is gonna make a big difference in my mortgage.

Thank you very much,

Stay safe and well.
 

Most Popular Reply

User Stats

2,313
Posts
1,134
Votes
Bud Gaffney
  • Rental Property Investor
  • Boston, MA
1,134
Votes |
2,313
Posts
Bud Gaffney
  • Rental Property Investor
  • Boston, MA
Replied

I would sell it ASAP if I was in your position. May I ask how this happened?

Loading replies...