sell an rentback

February 1, 2010

Should I rent, sell, or borrow and use equity from my rental property?

Filed under: sell an rentback — Tags: , — admin @ 9:59 pm
sell rent back

My cost of the rental house after renovation is $100k. I can rent it for $850/mo (roughly 8% return after property taxes/ins.) or I can sell it for $150K (and pay around 25% income taxes) or I can take an equity loan for part of the value, get some income and buy the next rough diamond. Ideas?

Rent Back

Powered by WordPress