Skip to content

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

24
Posts
2
Votes
Brandon M.
  • Westminster, CO
2
Votes |
24
Posts

Advice on whether to sell or hold

Brandon M.
  • Westminster, CO
Posted

Hello all, I'm new to BP and new to the real estate world.

I purchased my first property about 7 years ago and it's current estimated value is about $7k less than what I purchased it for.  

For the last 2 years, I've been renting the property out for just enough to cover the mortgage.  I am in the military and soon moving back to the same area and plan on moving in for 2 years.  

My concern is that the property is just tying up my money and perhaps not worth holding onto.  Should I look to sell it or hold onto with hopes that the value will increase or use it as a rental property down the road?

Any advice would be very much appreciated.

Thanks,

Brandon

Loading replies...