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Updated about 3 years ago on . Most recent reply

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16
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2
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Jim Halpert
2
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16
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Keep rental income or sell?

Jim Halpert
Posted

Reaching out to find advice for my best course of action. 

I have a duplex I renovated and have both sides occupied. After I pay my mortgage I bring in 1400$ a month . I’m currently renting myself because of well the crazy housing market . I really want to get my own home to live in and renovate some to have a “home base “ . 

Should I continue to collect rent and try to secure a secondary/vacation home loan. Or sell the duplex and use the profit to purchase .. ? 

Most Popular Reply

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Caleb Brown
  • Real Estate Agent
  • Kansas City
2,930
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4,046
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Caleb Brown
  • Real Estate Agent
  • Kansas City
Replied

I'd continue to rent for now. See how the market is by Spring time then reassess. If you can get a primary loan to buy do it, reach out to different lenders to see. 

  • Caleb Brown

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