Austin Area: Sell or Rent

[Travis Washington]

Hey BP fam,

I’ll try to keep this short and simple. Have a primary home moving out of and analyzing whether to sell or rent. Stats:

-PITI: $1950

-Rent: $2750

-Current Loan Amount: $300K

-Current Value: $475K -$500K

Other factors:

-Interest rate: 2.75%

-House was built in 2018 so maintenance and repair should be minimal 

-Current housing inventory in our market: 0.2 months

-There is a housing shortage going on right now that doesn’t show any signs of slowing down. Selling or renting are both too easy.

-Moving into another property in town to house hack (that we’re already up $40K in equity on and have a great rate of 3.375%) so we’ll be in the area to self-manage.

What would you do? Interested to hear what fellow investors here think about the situation.

[Jordan Moorhead]

@Travis Washington hold it and buy more! You'll be glad you held it as prices continue to go up