I have a property and the tenants have left. We just renovated the house, paint and hardwood and other minor stuff.
We have 6 years left on the loan (100k) and the house will be paid off. Since the housing market is hot right now, do you recommend to sell or continue renting??
Property isn't local so would have to hire a property manager or manage some way on our own. It's about 300 miles away.
House value right now is about 300 - 322k if we were to sell it. If we rent it, we can rent from $1800 - $2000 a month.
I originally put down about 20k on the house. Suggestions on continue to rent or sell the property?? Or even sell it to my son or gift it to him to pass it on to him??
Appreciate any suggestions or advice. Thank you in advance.
Submitted April 24, 2021 at 11:41PM by win007 https://ift.tt/3tPDigX
