To rent or to sell? Which is better?

[Arianna Crawford]

Hello!

My boyfriend and I currently reside in a home we purchased with the intent to maintain it as a rental property when we move. However, since we bought the house, the value has increased quite a bit. Now, the time is coming close for us to make arrangements for the home, and we are torn between selling to use the extra money to pay off a few bills/loans or sticking with the original plan of renting it out as an investment property. We want to make an informed decision that's going to be best for us in the long run. If anyone has any advice on how to make this decision or related stories of successes/losses when it comes to this sort of situation please let me know!

[Bruce Woodruff]

This gets asked every day. We'd need more info to give you good advice. It all depends on how much profit you'd gain, or how much debt you have, or what your ultimate goals are, or where you're located, or........well you get the picture.......