Advice on Current Primary Residence
Hi BiggerPockets community!
I wanted to get some advice on what I should do in my current situation. We are planning on moving out of state soon, and we would like to keep our house as a rental and start building a rental portfolio. Bought for 407k current Value is about $520, still owe 330k on it with an interest rate of 2.75. We dont have quite enough for a down payment on a new home yet unless we clear our reserves.
What option do you think is best for us.
1. Sell and start the portfolio in the new market.
2. Keep as rental and see what we can afford in the new market perhaps a live in flip.
Open to any options that the community has too, ideally want to keep it as a rental.
Mortgage: $2100 - Rental estimate $2500-$2800
Thank you all!