All Forum Posts by: Burns Mulhearn

 Thanks Larry that makes a lot of sense. 

Thanks for all your help. I feel it six of one and half a dozen of the other. I got a lot to think about. 

I feel RE is safe place for my money now. The stock market appears to have more downside than upside. I see RE as inflation hedge. 

I believe the house is in great shape now and well staged and I can get top dollar with rates so low. 

If i hold as inflation hedge, I can raise rents if rates go up but sale price will go down and i will have to pay capitol gains if i wait more than 3 years. It is in killer rental market 1 mile for major state university. 

I will be moving 2 hours away. 

My wife and I are moving back to our hometown and purchased a house. I need advice on what to do with current house. Should i sell or rent? We have lived in it for over 2 years. I owe 146k on mtg and pay 1094 a month escrowed. The house is worth 300-325k. I can rent it for 1800 a month. I do not have plans to move back. 

My questions is should I sell now and realize equity without capital gains. Or turn into long term rental. My wife is medical field and I am business for self so i really don't need the right offs. I would love to get your feedback and hear what you would do. Thank you.