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General Real Estate Investing
HomeForumsGeneral Real Estate InvestingWhat would you do in this situation?
Lee Crews's profile image
Lee Crews's profile image
Lee Crews
  • Flipper/Rehabber
  • from Augusta, GA
  • Member since Mar 5, 2019
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Lee Crews's profile image
Lee Crews's profile image
Lee Crews
  • Flipper/Rehabber
  • from Augusta, GA
  • Member since Mar 5, 2019
Connect
Lee Crews
  • Flipper/Rehabber
  • Augusta, GA
2
Votes |
9
Posts
General Real Estate Investing

What would you do in this situation?

Lee Crews
  • Flipper/Rehabber
  • Augusta, GA
Posted Apr 1 2019, 10:07

I have a property I bought a few years ago as my personal property. Me and my family have lived there for 5 years. We are purchasing a new home and I am debating renting out the old house or selling it and buying another house. I owe 63k on it and had a realtor tell me to list it at 135k. Payments on it are low at 650 a month including taxes and insurance. Similar properties like mine rent from 1100-1350 per month. I would like to rent the property but my wife says we should sell the property to look for houses to flip. Any suggestions as to what you all would do in this situation.

Thanks

Lee

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