To Sell my house or rent my house, That is the question??
What’s up BP Family! First time posting....
I live in a A-Class suburb of Cincinnati, OH (West Chester) and I am considering taking a job in Tampa Bay. With that said I am not sure if I should sell my house or rent it. I live in a desirable neighborhood with a great school district and property values are continuing to go up.
I bought my 5/2.5 house 4 years ago for 285k and it’s probably worth somewhere between 365k and 385k.
I have done some research and it looks like I could potentially rent it between $2500 to $3,000/month. After my mortgage and expenses I could possibly cashflow between $500 to $1000 a month.
The house is in fantastic condition and I don’t expect to much managing of the property from Florida if I place qualified tenants. Plus I have family around that can help with any serious or major issues.
Should I sell and take the 80k to 100k of profits or take my cashflow of $500 to $1000 a month?
Thanks in advance for any feedback!
Logan