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Reply to "Should I sell my house or rent it out?"
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[quote=Anonymous][quote=Anonymous]Take it and invest it. After investing for 20 years at 6% interest, your initial investment of $650,000 will have grown to $2,084,638 with literally ZERO outlay on your part. Meanwhile, that house in Reston will have property taxes, repairs, etc. and even if it's paid off will absolutely COST you money year over year.[/quote] +1 If you do move back to Reston in 20+ years, you likely won't want a house---you'd want a condo or to be in a different location perhaps. So sell, take cap gains benefits, invest and if you need to move back to DC area, then you can pick what you want then without having had the stress and/or costs of being a landlord. Most of the time homes will not keep up with the market returns when you factor in all the costs you must outlay yearly for a home (taxes, maintenance, insurance, etc)[/quote]
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