What should we do with our house? Sell and pay off debt? or rent and build money/equity?
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That is what you need to think about right now. Start by talking to Real Estate Agents in your area, to get a good idea of what the rental fee would be (and their fee also needs to be accounted for too). Figure out from them what the average expense they require of homeowners that use their services. This is all before you see the benefit of a rent stream of income coming in.
What should we do with our house? Sell and pay off debt? or rent and build money/equity?read tips on real estate, debts, loans and much more on this site
What should we do with our house? Sell and pay off debt? or rent and build money/equity?If you really want to move, then sell and pay off those loans. If you don't want to move, refinance and pay off the loans, before interest rates go up again.
What should we do with our house? Sell and pay off debt? or rent and build money/equity?I would say A. Renting is a tricky buisness (from what I hear) and you can always end up with renters who do more damage than they pay in rent. Be debt free (what relief, I wish I could do that) and then invest that extra money.
What should we do with our house? Sell and pay off debt? or rent and build money/equity?A. I own two houses one of which I live in the other I rent. It is next door so if it needs repairs I don't have far to go to do it. If you can get out from under the other house and make a profit that is what i would do. Renting property is a crap shoot. You get good renters this time and a bunch of morons the next that do more damage then they pay rent when they decide to pay it and trying to evict someone is worse then pulling teeth and takes months to do legally.
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