Advice on which strategy is better
Hi Everybody,
i'm new in the community.
i read about some investing strategy but i want to ask you which one is better in my scenario.
I'm from italy, so some things about fees and taxes are different.
I bought my first house (apartment in a condo) (25% downpayment and 75% mortgage from the bank at 1.2%), i want to rehab it and i'm not sure about how to continue..do you think is better to rent it out or re-sell?
Maybe some numbers can help!?
price of the property: 160k
rehab cost: 50-60k
value of the property after rehab: 260-320k
i think a possible rent cost will be a little bit more of 1k/month, with normal contract, or 800-1600/month via airbnb (already with 4 years experience renting on Airbnb).
any suggestion about which strategy you think is better? and why?
thank you in advance and sorry for some english mistakes.