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Updated almost 6 years ago on . Most recent reply

User Stats

7
Posts
4
Votes
Daniel Wolcott
  • Military
  • Colorado Springs, CO
4
Votes |
7
Posts

Personal Home Investment Advice

Daniel Wolcott
  • Military
  • Colorado Springs, CO
Posted

Hey all, I have been struggling to find a worthwhile investment here in Colorado Springs so I have been thinking about purchasing a new personal residence with Air BnB potential and either selling my current residence or renting it out and having a hard time decide which route to go. Current rent I could receive is $2000 and my PITI is $1300/mo, making $700/mo before expenses I currently have $0 down and roughly $125K in equity after owning for 6 years. With my ROI more or less being infinite on the rental with no cash down or the potential of making $125K by selling I am having a hard time making the decision. I'd greatly appreciate someone else's perspective to help make a decision. Thanks you all in advance.

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