Sell house or refi and rent (Orlando)

2 Replies

I live in Orlando and currently own a golf course, pool home worth 360k(purchased for 340). I put down 20% which sucked up the majority of my cash. Should I outright sell the home (fiancée is a broker and can save me a bunch on fees) or should I refinance and rent. It seems that I could command about 2200-2509 in rent. Fast growing area. Thanks for your advice.

Since a bunch of tax-free gain isn't on the table, I guess it depends on where you are moving to and if you're ok with watching a renter not give a rip about your baby.

I wouldn't be a long-distance landlord. If you are moving far away, sell it. If watching the grass die and the window screens disappear while they sneak in an unfixed that urinates & sprays all over the place doesn't bother you, go for it. I imagine there are hoa fees and covenants on a golf course property? I wouldn't want a rental with an HOA, either.

I'm dramatizing for effect, of course.  Just know a renter will never take care of your home like you will.  Good luck @Sean Connolly !

haha you do have some very colorful responses. Thanks for your advice!

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