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[quote=Anonymous][quote=Anonymous]We are moving to Chevy Chase MD (just closed on a house) and are trying to decide if we keep our house on the Hill or sell it. We are leaning to keeping it- we think we can rent it for more than mortgage, taxes, upkeep, etc and would love to diversify our portfolio. Our financial advisor would prefer we sell. We obviously trust him and pay him for his insight but I’m looking for info from people who have moved and kept their previous property. Did it work out? Did you hire a management company? Did you rent for a bit then end up selling anyway?

We rented out the basement apartment a few years ago and it was fine, we found great tenants. We also know that DC has really strong tenants rights.

It’s tough to give up a 2.5% mortgage so we are seriously debating. We have 20 more years on the mortgage and cash flow isn’t a problem (we don’t need renters constantly to make it work- the house can’t sit empty for six months but 3 months would be fine).

We may move back here after the kids are grown but maybe not.

Advice? 
[/quote]

can you provide the exact reasoning of your financial advisor to sell the property?[/quote]

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