Updated over 6 years ago on . Most recent reply
Should I sell or rent out
I'm newbie to all of this. I have a rental property in Austin, TX that has almost doubled in value since purchasing in 2008. I Have had amazing renters for the last 4 years that have said they are moving out. My wife and I are debating if we should renovate and rent again for a higher price or do some renovation and sell. House was purchased for 138k and Zillow says it's value is 235k. It was our first home and we put nothing down so we only have about 45k in equity.
We now live in Oklahoma and are debating on if we should do the renovation and rent or sell. Also what would be the best way to fund the renovations? We dont have enough equity in our primary. Any advice would be greatly appreciated.
Most Popular Reply
@Thomas Lundy
Never ever ever go by what Zillow tells you it’s worth. Bring a realtor over, and get their input as to what it’s worth.