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Updated about 4 years ago,

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2
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Myron Reynolds
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Sell or rent current primary residence ?

Myron Reynolds
Posted

I am having a house built for my primary residence. I have about $175,000 equity in my current home valued at $260,000. Not using any of the equity for the new home. New to real estate investing. Should I keep my current home and rent it out. It would rent for $2000 a month. Current mortgage (taxes , insurance, included) is about $1400 a month. Or sell and take the equity and use it for investing In other properties. More interested in flipping than renting. But, open to both. One consideration is that it will probably need a new roof and HVAC in 5 years. Any advice?

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