Stay in rental or buy another home

3 Replies

i own two rental properties but I'm currently going through the eviction process for one. This year I planned on purchases more properties but primarily my first multi-family. I'm currently house hacking with my brother-in law but after the eviction process is over, we have to decide on moving back into that house or purchasing another for a place to live. The house is beautiful but the school system sucks, so should I suck it up since I'm trying to purchase other investments this year or should we rent it out again and move to VA which have better schools. My daughter is 4 and the I'm debating moving back to rental in Prince George's County MD.

For me family always comes first so if it's in your daughters better interest to go to VA then that is what I would do. Real estate will always be there and you can hold off for a year to purchase more. As for renting out make sure you're doing your tenant screening to do your best to avoid the evictions! You can find good tenants as long as you're doing your screening.

Thanks Patrick, I'm leaning toward moving to VA. The last realtor I used represented myself and tenant and I don't believe she screened properly. I will do my own screening from now on.

@Mikisha Simms is correct about performing tenant screening, I follow the BP tenant screening guide and thus far have not been wrong. The one time I did not use their model I ended up losing a lot of money. Make sure you chose the right area in VA. Family first so make sure you do whats best for them. I hope this helps.

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