| To sell house or rent out house? |
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dskpa123
New Poster
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Joined: 01 Sep 2010
Location: usa
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| To sell house or rent out house? |
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Just trying to decide what is the best option. Do I take the equity out of my old house and roll into new house or do I keep old house and rent out???? The rent I can get covers expenses of old house and I can make between $50-$100 a month (over and above the new mortgage w/ less down money). So in the long run is it better to hang on to the Real Estate making a little now, than getting a big check now and putting down on house????
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Wed Sep 01, 2010 2:25 pm |
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oldguy
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quote:
Do I take the equity out of my old house and roll into new house or do I keep old house and rent out????
Whether or not you decide to become a landlord, I would not roll the equity into the new house. Home loans are as cheap as they have ever been in my lifetime (a looong time) - I would borrow as much as you can on the new house and invest your equity elsewhere. The 30 year loans are 4.5% to 5%, you can get a 6% to 8% return in bond funds and 10% to 12% in long term stock indes funds (depending on your age, you must willing to wait).
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Wed Sep 01, 2010 5:15 pm |
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dskpa123
New Poster
Cash: $ 0.45
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Joined: 01 Sep 2010
Location: usa
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That is a Very VALID point...Thank You
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Wed Sep 01, 2010 6:00 pm |
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moonraker1
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It is good to get a house now if you get the rate of 5%. It is the lowest ive ever seen and it is a good way to grab the fix rate 15 or 30 year term.
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Wed Sep 01, 2010 6:43 pm |
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l0ne6f9
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Joined: 04 Sep 2010
Location: Benedict Charles, Maryland 20612, USA
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I'm looking for a house for rent where I can transfer near to my working area. An answer will be appreciated.
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Sat Sep 04, 2010 7:42 am |
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CreditCardForum
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Location: Huntington Beach, CA
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A lot of people underestimate how problematic renting out a house can be. If you get a bad tenant, it can become a total nightmare. Even with a good tenant, you may be getting calls at 2 am to unclog a toilet, fix a pipe, etc. This can be a real headache if you live far away.
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Sun Sep 26, 2010 9:42 am |
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jasymoice
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Joined: 25 Mar 2011
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A real estate rental property manager to work smoothly, though, if less. Home mortgage and rent a real estate Manager, especially if you rent out for a difference between not friend. Especially worth their weight in gold, they're out of town: continuous high rents, their cleaners can get every two weeks.
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Fri Mar 25, 2011 1:35 pm |
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littleroc02us
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Are you going to be able to afford 2 mortgages when you don't have any tenants?
Romans 13:8 “Owe no man any thing, but to love one another: for he that loveth another hath fulfilled the law.”
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Fri Mar 25, 2011 1:44 pm |
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seanmendez
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Location: Huddersfield
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What do you think would be much more costly, having to move to a new house or just be in your old one and just renovate little by little? For what I understand, moving to a new house would bring new problems.
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Mon Mar 28, 2011 1:52 am |
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savana
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I feel it is much better to renovate it well instead of buying another house. I mean maximum people look for investing in new house but, for those who are somewhere finding difficulty in buying house can go for this option.
http://www.capitalareahomebuyers.com/tell-us-about-your-property.html
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Tue Mar 29, 2011 7:58 am |
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namratasnv
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Maximum people invest in new house and for that money is required and we need to look for better resources.
http://www.connecticutwebuyhouses.com/
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Wed Mar 30, 2011 8:23 am |
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laura.alamery
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Location: St Louis, MO
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| Buyers' market |
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Definitely buy more real estate if you can nowadays. We are at the bottom of the curve for real estate values and interest rates, and we will slowly climb back up, but we will. So if you can buy more than one house and hold on to them, by all means, do it.
Yes, landlord business can be a little frustrating at times, but my experience is that single family homes are so much easier to manage: tenants stay there longer and have more pride in keeping the property nice.
Laura Al-Amery is a real estate investor and consultant, with 23 years exerience in many real estate sectors. For a FREE Report on “The 8 Most Profitable Real Estate Niches,” please visit www.BestRealEstateNiches.com
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Wed Mar 30, 2011 5:06 pm |
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savana
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In case of my house, i put one portion for rent and in other portion I was living due to the reason that, I was not getting the actual price which is necessary but, after wards I sell it in the desired price.
http://www.capitalareahomebuyers.com/tell-us-about-your-property.html
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Sat Apr 02, 2011 5:43 am |
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