Considering renting my house out

Yes I am moving. Mortgage is around $1100 a month. I'm in the brusly school district so I believe I could get a good bit more than my mortgage and I'm hoping to get everything in motion with a few months if not sooner

Yes 3bdr 2 bath. 1530 sq ft house with about 3/4 acre fenced in. Moving about an 45 minutes away from my house. Thanks for the advice

quote:

---

Sell and be done with it.

---

I think this is simply compounding his mistake. Assuming he has learned anything could warrant beneficial. If he sells now, he is out probably close to $10k.

I have a second house that I rent and as long as you have the ability to get a tenant and a potential long term tenant that pays more than your note you can be okay. The trick is not spending the additional money but put it aside for repairs and updates. Like said before June/July are the best months to try and get someone in.

There are always headaches with these types of investments but if you can get someone to pay the mortgage you are just picking up capital each year. It really is up to each person if they have they can handle not having a renter for a couple of months and potentially having to pay two houses.