Sell rental or keep it.

[/u/Hungry-Candidate5417]

I purchased a home in 2022 for $350,000 on a 30 year fixed at 2.5% rate. it is now valued at $450,000 and I owe $320,000 on it. I currently rent the property. The home I currently reside is a family home that I am in position to purchase for a deal. The home is paid in full and being offered to me for $400,000 it is valued at about $500,000 the home is extremely dated and needs a fair amount of work.

Would you sell the rental and put the funds toward the principle of the new home with little left out for remodels? Or would you purchase the home and not touch the rental.

submitted by /u/Hungry-Candidate5417
[link] [comments]
Sell rental or keep it.
Continue reading...