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Updated 12 months ago,
MTR or sell? I'm not sure our house is the right fit for rentals.
Hey Ya'll,
I'm struggling with what to do with my primary home in the suburbs of Austin (about 25 mins outside of the city). It's a big house with a view and pool - really nice, but I'm ready to move on from texas, so I'm debating selling it, or renting it out as a long term lease or MTR. Here's the deets:
I've owned it for 5 years.
Bought it for $725, but it's worth about $1.2 or more now.
It's not a vacation area, so not interested in STR, but could be okay for MTR, although not super close to hospitals.
Mostly I'm hesitant to sell because I have a sweet mortgage rate (2.5%), I owe less than $500K on it, and I'm not planning to buy again soon. The idea of renting is appealing, but it's a house that requires a lot of upkeep, so I worry about how to manage that (or the expense to have someone else do it).
Any insights or words of wisdom would be appreciated.