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Updated over 6 years ago on . Most recent reply

User Stats

3
Posts
0
Votes
Maurice Norville
  • Rental Property Investor
  • Las Vegas, NV
0
Votes |
3
Posts

SALE OR RENT OUT (first home)

Maurice Norville
  • Rental Property Investor
  • Las Vegas, NV
Posted

I bought my first home last year (town home: 2 bed 2 bathroom 1 car garage). Mostly off the Strength of rent in Las Vegas was going up and I can own a home for what I was renting for. I have a plan to move to Atlanta Ga with in two years. Save 20,000 and spend this time while I'm saving as if I was in school and research as much as I can on real estate investing. Take that 20,000 and "BRRRR" in Atlanta. So I figured I could rent (looked at rentals in the area I would be barely making mortgage and I have HOA fees). Or I could sale what seems pointless and I don't see any profits coming. So what I am working with is 62,000 paying job debt 7,000 took against my retirement fund, car at 35,000,and 16,000 on student loans. I have been aggressively paying down this debt but starting to think I should start paying minimum save the rest for investing till I have a bigger income. Any help or guidance would mean the most.

Thanks

Age is 30

Credit is at 750

If any of that plays a part.

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