ADVICE: when to sell or hold??!
Need some advice. I paid cash for a house in Dallas 5 years ago. We've lived in it as our primary residence. All in all I've got about $270k in the house.
Im trying to decide whether to keep it or rent it.
It rents for about $2900/month. We could probably sell at around $450k.
I know the numbers don't work to ever buy this house with the purpose of renting it but I'm wondering if the low risk (no mortgage) and high cash flow makes it worth keeping. Maybe the value of the house keeps going up? It's in a good area.
Or the other option is to sell and have a lot of cash on hand to find a couple of other properties to rent. But then I'm buying in this expensive market.
Thoughts?