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Reply to "Sell it or rent it out?"
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[quote=Anonymous]Agree that $50k is not much cash to bring to a real estate transaction around here. You'll need more than double that for a $500k house, and $500k doesn't get you much. I also don't deny landlording success stories, but I suspect there are a lot of ways for it to go wrong. Succeeding requires dedication and luck and incurs risk like anything else. Unless you have an exceptional knack or desire for landlording, there are easier ways to invest. And it doesn't sound like the rental market is particularly more lucrative than the real estate market right now. So I say sell the house and fund your new house plus hopefully some savings/investments, keeping things reasonably simple. Life is complicated enough. [/quote]
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