Updated over 7 years ago on . Most recent reply
Should I rent or sell my property with a POOL
Currently own 2 properties, looking to buy another primary and unsure of the best route to go with on my current primary. Current primary residence is a 3 bedroom, 2 1/2 bath, 2 acre lot, with a fenced in, in-ground pool and 20x20 koi fish pond. My mortgage is a 2550SQ FT 15 year 2.75% rate with a payment of $1788 a month and just over $1000 a month going toward priceable balance with 12 years left of a balance of $185K. The property is currently valued around 300-350K (still need a official appraisal) in a desirable school district in Berkeley county WV along I-81 interstate with a population growth of 10.3% in 2017. I’m going to estimate I could rent the property between $1800-$2100. I’m debating on selling it and collection the profit, renting it for a few years and then selling it before my lived in primary residence 2out of 5 years Claus is out, or keeping it because of the low interest rate. The pool, pond and higher payment has me debating what is the best decision. Thanks in advance for your input. My plan is to collect as many rental properties as possible and become the monopoly man.