All Forum Posts by: Arianna Crawford

Thank you to all who responded on this post! We carefully considered all the advice given to us and came to a decision. We ended up contacting a property manager to get some more accurate numbers (sell price vs. rent) and we ended up deciding to rent it out when we move. We considered selling and putting the money into something else. However, since we have no way of knowing where we will be stationed next, it seems to make more sense to hold it as long as we can until we need the extra money for a future investment that we can better plan for. So, thank you again and best of luck out there.

@Joe Funari

I hasn't even considered a cash out refinance. We will look in depth at this option. Thank you!

@Bruce Woodruff

It's good to know others in my situation are just as confused and unsure as I am about what to do. I'm going to try to get some more pertinent information and then ask around. Thanks!

@Wale Lawal

I will definitely check it out. Thank you! 

@Brad Jacobson

Thank you so much for the reply! It's nice to hear success stories to know what could possibly come from this big of a decision. 

@Cassi Justiz 

Thank you for the reply! To be honest with you, we haven't discussed specific cash flow goals. This is our first house, and we bought it simply to get a taste of whether we wanted to invest in additional real estate over the course of our military careers or find another investing option. If we sold, the money would go mainly towards paying off loans. If it sells for what it is currently estimated at, we would both be debt free (or close to it). Any excess would go into buying another home, and with the VA loan we don't have to worry about a down payment. However, it is difficult for us to analyze any future investment's value since we don't know where we will be stationed next. As for possible cash flow, I have looked around our area and the rentals cover a wide range of prices, so I'm unsure how much we might be able to pocket. Would you recommend contacting a local property management company to get some answers for that? Or is there a better resource for making these calculations?

Hello!

My boyfriend and I currently reside in a home we purchased with the intent to maintain it as a rental property when we move. However, since we bought the house, the value has increased quite a bit. Now, the time is coming close for us to make arrangements for the home, and we are torn between selling to use the extra money to pay off a few bills/loans or sticking with the original plan of renting it out as an investment property. We want to make an informed decision that's going to be best for us in the long run. If anyone has any advice on how to make this decision or related stories of successes/losses when it comes to this sort of situation please let me know!

@Cory Wallace Thank you! I am basing my future investments on how this one goes. 

@Dylan H. Thank you for the information! That definitely helped. I am leaning more towards that area since it's about the middle between the two air fields and could more easily accommodate renters who may need to go to either one for work. 

@Dylan H. I have been doing research on NE Pensacola and Pace area so far. If you have any information on these areas please let me know. Also, what is the 1% rule?