I bought a cute little house when I was 22 (built in 1942, 1198 sqft, 2 br/1ba). Well, 17 years passed with me in that house and now I'm recently married and will be moving about 700 miles away soon. (OKC to Houston if that matters).
I contacted a real estate agent who pulled comps for me and said I should be able to get around $105k for the house or rent it for around $800 a month. I love the idea of renting it out because that would be a tiny income stream for me and my new husband. I owe $22,300 on the house right now with a monthly mortgage of 574.
This is what everyone is telling me: the renters will tear the house up, you'll still be making payments on it for years so if you can't get a renter you're screwed, um, yeah I guess that's it. I plan on (if I rent it out) using a local property management company that told me they'd take about 10% of my monthly rent and deal with screening the tenants, taking maintenance calls, etc.
What do the smart and unbiased money nerds of PF think? If I do sell, I'll just be taking the money get out of the house and socking it away until hubby and I buy a house down in Texas next year.
Submitted December 28, 2018 at 07:17PM by shamy52 http://bit.ly/2EQOXFw
