Updated about 4 years ago on . Most recent reply
To flip & Sell or use first house as rental property!?
As my wife and I get closer to starting our rental property journey the house we are living in currently is still a point of contention between the two of us. We have both agreed that rental property investing is a direction we want to go, but can't seem to figure out what to do with our house. So back story on our house- when we got married- her parents (who used to be in the rental property game) sold us one of their previous rentals for dirt cheap as a fixer upper starter home. They had previously rented this rural property out for very cheap without raising the rent for 10 straight years. For the last year and a half we have been slowly remodeling the house and property. My wife is dead set on the idea that we should sell this house when we are complete and move into a bigger home, however I think it makes more sense to rent this house out once complete to start our rental property portfolio. Any advice or pros/cons would be greatly appreciated!