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Real Estate
Reply to "Why do people sell their houses?"
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[quote=Anonymous]I generally agree that most times it makes more sense to sell and invest then to keep as an investment/rental. However, I did keep our first single family home in NoVA as an investment property when we moved to a larger house 15 years ago. I kept and rented because (1) didn't need the equity, (2) I wanted to diversify investments away from stocks/401ks, (3) I moved only 1/2 mile away so could manage the property and show/lease the house myself, (4) I rent only to senior military officer families that have been great tenants, (5) wanted to take advantage of appreciation in our area (house has roughly tripled in value since buying 25 years ago). Only renting to senior military has been the best move as it has avoided the biggest issue in being a landlord-- bad tenants. Again, this route is not for everyone but there are situations where it can make sense.[/quote]
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