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Updated over 2 years ago on . Most recent reply

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Keita R. Eaddie
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Should I sell or do short term rental on my primary resident!

Keita R. Eaddie
Posted

Hello I am a newer real estate agent. Right now my primary resident is close to Atlanta airport in an established subdivision. I am having a hard time making a decision on whether to sell and pull out the equity (can cap 50k or more). Or place the property on Airbnb and get a monthly income of around 1500 to 2000 mins expenses. I am thinking of taking the equity to invest in other real estate in the near future. Help me make a smart decision. Thanks 

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Theresa Harris
#3 Managing Your Property Contributor
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Theresa Harris
#3 Managing Your Property Contributor
Replied

Run the numbers. If you sold it, you'd get $50K but what would you do with it?  If you did short term rentals, what would you make after expenses?

  • Theresa Harris
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