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Reply to "Sell it or rent it out?"
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[quote=Anonymous]We want to get a slightly bigger house and to live in a better neighborhood with better schools. So - do we sell our place or rent it out? Mortgage remaining: $160k Home value (conservative): $350k Monthly PITI: $1k Likely rent: $1800-$2000 HHI: $160K We have about $50k saved (in actual $, not equity) towards a down payment on a new home. WWYD? Take the monthly rental income, and take the long term approach of the house as a long term investment? Or take the money and run - putting a bigger down payment on a new house? Just curious what people's thoughts are. [/quote]
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