All Forum Posts by: Jordan Hurd

Thanks Tyson Cross. There definitely hasn't been any appreciation since I bought last year. Maybe a few thousand but not enough to make a big difference. I'm not sure I understand what you meant by "If you don't need the money, I would rent it out." Wouldn't renting it out increase my cash flow and result in a profit? Are you just saying that because the return will happen at a slower rate as opposed to selling it?

Oh and I guess I should add that my current total monthly expense for the house is $1455 including payment and escrow account. There are no HOA fees. And comparable houses are currently renting for $2,200 to $2,500 a month. Insane I know but that's how the market is here.

Hi everyone,

First post here and I have a question about either selling or renting my current house. I am moving to a new area where I will be renting an apartment for at least the first year. I have lived in my house for only one year now. I am wondering tax-wise would it be better to try and sell my current house and just get away from it altogether or would renting be beneficial? I bought my house for $215,000 and currently owe $210,000. Any help or advice at all will be greatly appreciated!

Thanks,

Jordan