Sell or rent out question ?

[alpachinao]

6 hours ago, RPGPulka said:

 

waste ga second home konni tappu chesavu nuvvu kuda mama la migilipotavu loss lo paddi cc @Android_Halwa @Raisins_72

 

Anna gari Pelli photo na

[CanadianMalodu]

8 hours ago, mama_alludu said:

Currently in a townhome bought in 2021 in a good school district with significant desi community in Charlotte NC. Townhouse is 8 year old. Recently signed a single family home and moving out in next 3 months.

Current mortgage rate on townhome is 2.6% (10yr fixed, then variable). Next 7 years will be same 2.6% rate. Monthly mortage payment, insurance, taxes and HOA is $1750. Rents in the area is around $2000.

Current equity on townhome is $150k.

Is it good to rent the townhome or sell it ?

New townhomes might come in the area.

 

What's your down payment for your SFH? What's your mortgage ? What's your interest rate? I'd say if you're able to get profit and your equity back in your town house, sell it and use it towards your SFH. Your capital gains will be exempt anyway. You escape any and all unforeseen expenses renting your town house (tenant damages, HVAC, Shingles). You will have more disposable monies just by avoiding paying interest on your SFH. Good Luck🤞🏻 

[phatposts]

4 hours ago, citizenofIND said:

I don’t see any point here. If he is having down amount for new home, no one say to sell. Charlotte rentals in desi community is challenge. I case if market is good then he can still post for sale right. 

OP will decide what is right or not. Kaaasto kooosta rental management experience tho cheptunna. 

If thats not right for OP he wont do it. Ide cheyyalani rule emanna unda enti

[citizenofIND]

4 minutes ago, phatposts said:

OP will decide what is right or not. Kaaasto kooosta rental management experience tho cheptunna. 

If thats not right for OP he wont do it. Ide cheyyalani rule emanna unda enti

It’s not right or wrong but property. Can you buy new property at same price and interest rate? If he wants to sell, no one will stop. He can sell tomorrow also but not today is what most of the people trying to suggest. What if he is not happy with SFH? Most people regret once they miss their old home.

[RPGPulka]

1 hour ago, alpachinao said:

Anna gari Pelli photo na

deeniki ma halwa anna samadhanam chepali cc @Android_Halwa

[phatposts]

8 minutes ago, citizenofIND said:

It’s not right or wrong but property. Can you buy new property at same price and interest rate? If he wants to sell, no one will stop. He can sell tomorrow also but not today is what most of the people trying to suggest. What if he is not happy with SFH? Most people regret once they miss their old home.

all of your questions are ideal case scenario but not AT ALL practical. 

rental property ki unde liability gurunchi 0% focus chesi aa question ni emotional gaa answer chestunnav. okka tenant ninnu eviction ki teesukelli, 3 months vacant unchi, oka 15k repair cost padithe appudu practical answer bayataki vastadi. 

[neneno1]

I’m about to list my property in Bay Area.

interest rate 2.65

Monthly emi: 2350

hoa : 600

property tax: 9000/year

rental estimate: $3800/month

selling it off as I don’t see 10% appreciation per year on the property value - loan remaining balance