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All Forum Posts by: Joseph Richardson

Joseph Richardson has started 1 posts and replied 2 times.

Buying & Selling Real Estate

Post: Should I refinance, rent, or sell my first home?

Joseph RichardsonPosted
  • Indianapolis, IN
  • Posts 2
  • Votes 0

@Seth Row that’s good advice. That is what I have been leaning towards.

0 Votes
Buying & Selling Real Estate

Post: Should I refinance, rent, or sell my first home?

Joseph RichardsonPosted
  • Indianapolis, IN
  • Posts 2
  • Votes 0

I purchased my first home in a nice Indianapolis neighborhood two years ago for 126,000. It was a HUD home, and I am currently living in it. The comps are anywhere from 175,000 to 200,000 once rehabbed. My current loan balance is 115,000, and my monthly payment is $898 with taxes and insurance. My question is this, if I want to get started investing in real estate would selling, renting, or cash out refinance be the best move? I am curious on everyone's opinion and why they think the way they do. I do not have any other properties yet.

0 Votes