- Nov 8, 2012
- 20,842
- 4,785
- 146
Were looking to move to a new house in the next coming years. But one of my main questions has been if we should sell our house or just attempt to rent it out. I've heard mixed reviews. I have an uncle that swears by it and owns multiple properties now that basically pays for his income. Likewise, I've heard plenty of other stories where renting is a pain in the ass strictly based on what a pain tenants typically are.... Especially lower income ones.
What is AT's thoughts on moving up in life and if you should sell-off your starter home or attempt to rent it out?
Some background on the house: We are in a middle-class household neighborhood - so think average income... blue collar workers. We already have the house paid off at this point. So far our house has appreciated a little less than 50% when we originally bought it for ~$140k after the housing crisis. So if we sold it then it would definitely be for a profit. Add on top of that enhancements (Replaced carpet, put in hardwood, other small things).
What is AT's thoughts on moving up in life and if you should sell-off your starter home or attempt to rent it out?
Some background on the house: We are in a middle-class household neighborhood - so think average income... blue collar workers. We already have the house paid off at this point. So far our house has appreciated a little less than 50% when we originally bought it for ~$140k after the housing crisis. So if we sold it then it would definitely be for a profit. Add on top of that enhancements (Replaced carpet, put in hardwood, other small things).