Should we sell our house we’ve been living in- currently worth 245k. We bought it for $182k about 4 years ago.
Rents are about 1800-1900 in the neighborhood. Middle class neighborhood to a T. Police, firefighters, mechanics, city workers, etc. Excellent school district with much construction happening now- neighborhoods are popping up left and right as well.
Our mortgage is about $1385. We just refinanced to a 2.125%, 15yr mortgage.
I’m leaning towards renting it out for about 2 years and then consider selling it since we wouldn’t have to pay capital gains on it.
Any thoughts on what we should do?
It looks that you are already answering your questions. If looking for somebody to confirm, yes, keep it.
Free eBook from BiggerPockets!
Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!
- Actionable advice for getting started,
- Discover the 10 Most Lucrative Real Estate Niches,
- Learn how to get started with or without money,
- Explore Real-Life Strategies for Building Wealth,
- And a LOT more.
Sign up below to download the eBook for FREE today!
We hate spam just as much as you