Updated almost 7 years ago on . Most recent reply
Should I sell or rent it out?
Not sure if this is the right category. Hoping for some good advice.
I live in SoCal and bought my house for 443k in 2013 and now I should be able to sell it for 580k according to surrounding comps. Downed 30% at 3.5 interest rate.
I am contemplating between ...
1. if I should keep the house on cheap borrowed money and rent it out, possibly profit about $200-500/m, and get a fixed heloc and find another investment.
2. Sell it and find another property (preferably multi family) to invest in.
Both options would require me to rent or move family into my in laws for a bit. Must stay in SoCal. But the goal is to brrrr as many as I can and own more multi familys for some passive income.