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All Forum Posts by: Bobby Thomas

Bobby Thomas has started 1 posts and replied 1 times.

Buying & Selling Real Estate

Post: Should I Sell or Rent it

Bobby ThomasPosted
  • Posts 1
  • Votes 0

I have a 3 Bdrm 2 Bth home in West Hills, Ca.

Its been a rental for the past 10 years.

My tenant is moving out.

The Mortgage is 1269

The Rental Market for the home is now Around 3000 to 3500.

Property Taxes are 550 a month.

It has increased in value since purchased in 2010 by close to 275,000/300,000.

Im retiring in 5/6 years and wondering if I should

Sell now / cash out, while the market is still good use the funds to payoff my Primary residence

And reinvest in another market later.

Or Rent it out again and ride this wave of uncertainty.

Im not a very savy Real Estate Investor so I am looking for some advice. Especially from someone who is familiar with Los Angeles and the market here.

Thanks.

0 Votes