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Updated over 4 years ago,
Continue to rent out or sell
I have a house that I lived in for 10 years. Over the past year we built a house, moved and started renting out the old house. Currently cash flow is $200/ mo. I’m currently looking into a refinance that would increase cash-flow to $400. The refi would be a 60% loan to value, or I could potentially sell with $50-60k in equity.
What are y’all’s thoughts on keeping or selling ?