All Forum Posts by: Jill Valentich

@Jeff White Thanks for the response! We have considered that, because it does seem like a waste to rent the house with so much equity tied up in it. I think we could probably cash out with $100k and still have it make sense to keep it as a rental. 

Thanks for the reply, Theresa. We owe $235k and would sell for $450k starting price. The house would rent for $2400k and after our mortgage and other short & long term expenses, I’m guessing we’d profit about $600k/mo. Our mortgage is $1200k/mo. which includes taxes and insurance. 

We are in the process of selling our first home to buy our second, but we also have the option to rent it out. We live in Denver, which is a great market to rent or sell in. We stand to make close to $200k (after fees) if we sell our home. Our plan was to take that cash and invest in our first BRRRR property.

We stand to make $1200/mo of rental income if we rent our Denver property out. This is before expenses, so I'm guessing it will be closer to $600 cash flow a month. I know no one can tell us what to do, but I'm curious to hear your opinions. What would you do? Thanks in advance. :)