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Should You Sell Your House or Rent it Out?

The Money Guy Show 17 views

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@itguru2037
 So they didn’t answer the question
Comment from : @itguru2037


@MrGeeeo
 Isn’t another important factor to consider how long you’ve lived there and how large of gain would be realized from sale? If you’ve lived there 2 of last 5 years you can exclude up to 250k (500k if married) from home sale If you move and don’t sell within 5 years you could lose this big tax advantage
Comment from : @MrGeeeo


@djpuplex
 All the people I work with are planning on renting their houses in a few years Tells me they bought high Sunk cost fallacy
Comment from : @djpuplex


@haakmom
 How can we submit our question/s? Are they only taken during live streams?
Comment from : @haakmom


@josephburton3232
 We need to stop normalizing single family rental properties These mom and pop and corporate landlords are contributing to the out of control housing prices by limiting the supply of houses available to purchase and just furthering the divide between people who have access to capital and those who are trying to save money for their first down payment
Comment from : @josephburton3232


@nicholaslamantia9597
 I wonder how the answer would have changed if it wasn’t out of state My wife and I are planning to move up in house in 5 years (same city)and want to rent out our beach duplex instead of selling
Comment from : @nicholaslamantia9597


@06dak69
 Don’t forget that if you have a mortgage you may need to refinance if you want to rent Mortgages can have primary residence requirements to get the best rates due to potential for loss from renting
Comment from : @06dak69


@kona6451
 in most cases keep it Your future self will thank you
Comment from : @kona6451


@tedirmiger3813
 OR, hire a professional property management company, pay them 6 percent of the rent and let them worry about the headaches while you're chilling out of state?
Comment from : @tedirmiger3813


@Visaliaipa
 Still have some time to decide and I thank you for the insight
Comment from : @Visaliaipa

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