ImTheCaptain
I disagree with you
almost seems like "houses as an asset" is a dumb concept
almost seems like "houses as an asset" is a dumb concept
#housesaren'tassets
On this topic, and hypothetically speaking of course, if you owned a townhouse that would net roughly $300 a month in rental income after mortgage, HOA, and upkeep, would you hold on to it and rent it out? Or just sell it and take the equity (not necessarily needed to buy new house)?
On this topic, and hypothetically speaking of course, if you owned a townhouse that would net roughly $300 a month in rental income after mortgage, HOA, and upkeep, would you hold on to it and rent it out? Or just sell it and take the equity (not necessarily needed to buy new house)?
$300 after all costs + you're saving money on principal + any appreciation isn't bad. I suppose the question is how much would you be hurting if your tenant moved out and it took you a year to find a replacement tenant? What about 2 years?
two years to find a new tenant???
$300 after all costs + you're saving money on principal + any appreciation isn't bad. I suppose the question is how much would you be hurting if your tenant moved out and it took you a year to find a replacement tenant? What about 2 years?
On this topic, and hypothetically speaking of course, if you owned a townhouse that would net roughly $300 a month in rental income after mortgage, HOA, and upkeep, would you hold on to it and rent it out? Or just sell it and take the equity (not necessarily needed to buy new house)?
What is your alternative use for the money you would get out of it? Could you buy another asset (real estate or other) that would make you more money or be expected to appreciate more or faster? If so, sell it and do that. If not, keep it.