Forum Discussion
fitznj
Oct 27, 2018Explorer
If you have a paid for home, you would be stupid to sell it. You could either rent it out
I would not call it stupid either; It's a personal decision, we rented
out our paid off house for 20 years. In reflection, we should have sold it 20 years ago.
Dealing with renters was an ok experience but our final rented was the
"renter from hell" - Was so glad we finally sold the house. Remember
you have to be "available" if something in the house needs attention,
tough when you're 2,000 miles away.
From a financial perspective - it was a wash; capital gains was a killer.
At the end income = expenses (just).
I would not call it stupid either; It's a personal decision, we rented
out our paid off house for 20 years. In reflection, we should have sold it 20 years ago.
Dealing with renters was an ok experience but our final rented was the
"renter from hell" - Was so glad we finally sold the house. Remember
you have to be "available" if something in the house needs attention,
tough when you're 2,000 miles away.
From a financial perspective - it was a wash; capital gains was a killer.
At the end income = expenses (just).
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