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Updated almost 8 years ago,
Need advice: Sell or hold as rental?
My husband and I are relocating from San Antonio to Dallas. We are currently debating whether to sell our home in SA or keep it as a rental. Here are the numbers:
Current FMV: $140,000 (up 30k from purchase 4 years ago)
Current FMR: $1100
Mortgage, Tax, and Insurance: $700/mo. Interest rate 3.5%
It would be our first rental property. We've been interested for a while but the market for investment properties in SA has been too competitive lately. We've already purchased a home in Dallas as new primary residence.
We have opposite opinions, so any advice from seasoned investors is appreciated! Thanks!