This week, I’m back to answering questions posed by listeners of the podcast.
Should we continue to rent out our home, or should we sell it? We bought a home in California but have since moved to New York and have been renting there. After all expenses on the rental are accounted for, we receive $150/mo in profit. We estimate that even with repairs factored in, we’ll still be in the positive.
However, my husband thinks it’s better to sell the property and invest the profits. I think we’re better off keeping the house and having someone else pay the mortgage. Who has the better idea? What would you do?