Updated almost 6 years ago on . Most recent reply
To sell or not to sell..
Need advice please. I have $130,000 equity on my current condo (worth $220,000, owe $90,000). Looking to buy a house now that I'm married. We have the option to rent it out as a vacation rental or sell it all together. As a vacation rental, we could probably make anywhere from $500-$1250 a week depending on the time of year. We could use the money now to put a down payment down on the new house, or try to find other sources of money and continue to pay down the mortgage through rentals.
I'm very back and forth on both scenarios. Please advise!!!