Personal Home Investment Advice
Hey all, I have been struggling to find a worthwhile investment here in Colorado Springs so I have been thinking about purchasing a new personal residence with Air BnB potential and either selling my current residence or renting it out and having a hard time decide which route to go. Current rent I could receive is $2000 and my PITI is $1300/mo, making $700/mo before expenses I currently have $0 down and roughly $125K in equity after owning for 6 years. With my ROI more or less being infinite on the rental with no cash down or the potential of making $125K by selling I am having a hard time making the decision. I'd greatly appreciate someone else's perspective to help make a decision. Thanks you all in advance.