My parents are considering selling their home of 35 years which they only have 70k remaining on their mortgage.

And easier to sell if needed.

@David Yandel at least 95% of agents only know how to buy-sell owner-occupied properties - which are sold on emotion.Investment properties should be bought & sold by the numbers, which most agents don't take the time to learn and actually ASSIST their clients.

As a flipper, this will also be helpful to buy and sell your own houses.

Is the unit tip top, are your photos professional, is it priced accurately, does your listing have all the proper call outs and are you really 'selling' the property and putting it's best foot forward.

Because the vast vast majority of potential sellers are homeowners (not investors or developers selling new), and will have to find another home in which to live.

Anyway, now we are trying to decide whether we should sell or continue renting it out.

I'm not exactly excited for my funds to be tied up for a year while the house is being built but I could borrow against myself (TSP - government employee) or sell some stock/use some of my cash ~$130k.

Also on Foreclosure rescue if folks in the Northwest new they had to give up to 80% of their gain back to the person you bought it from if you sell it in a few years..

If you sell them, it just means that you cost basis is lower, and you earn more profit (which was the point of doing the labour yourself)...