Okay so I have a house in mid south USA. It is estimated to be worth 340,000 to 400,000. I’ll be lucky if I can sell it in the 400k range but that is also my desire. Should I sell it in today’s market? I heard housing market is at its peak right now. Is it possible to sell for 400k when it also can sell for 340k? If I can’t get 400k or very close to it I don’t know if I want to sell my house.
Should I rent it out to Airbnb instead? I think I can make around 40k to 75k renting out my whole house to Airbnb a year.
It is 2,200 sq ft and 4 bedroom, 2.5 baths.
I still have 120k mortgage on it. So I’m not sure if it’s better to sell it or rent it out for Airbnb.
I heard the housing market will go down soon due to the after effects of the pandemic and economy. However I really want at least 400k for my house. If I don’t get 400k or close to it I won’t get what I wanted for a cash sale.
If I rent it out for Airbnb I’ll have a salary for as long as I want to rent it out. And won’t need to work as hard since it can provide me with a salary I can live off of. However if the housing market goes down, I’ll be stuck with my house with depreciating value.
I want to move to 5 hours away so if I sell it, I’d want to rent another house in Texas (5 hours away from my current place) and do Airbnb on it. The thing is, renting another house might be costly in today’s market too. So I will make less renting a house for Airbnb as opposed to keeping my house and getting more profit for Airbnb.
Is it worth it to sell it now or should I continue to make money off of it on Airbnb and not sell my current house?
Thank you so much for reading this and prosperous blessings!
Should I rent it out to Airbnb instead? I think I can make around 40k to 75k renting out my whole house to Airbnb a year.
It is 2,200 sq ft and 4 bedroom, 2.5 baths.
I still have 120k mortgage on it. So I’m not sure if it’s better to sell it or rent it out for Airbnb.
I heard the housing market will go down soon due to the after effects of the pandemic and economy. However I really want at least 400k for my house. If I don’t get 400k or close to it I won’t get what I wanted for a cash sale.
If I rent it out for Airbnb I’ll have a salary for as long as I want to rent it out. And won’t need to work as hard since it can provide me with a salary I can live off of. However if the housing market goes down, I’ll be stuck with my house with depreciating value.
I want to move to 5 hours away so if I sell it, I’d want to rent another house in Texas (5 hours away from my current place) and do Airbnb on it. The thing is, renting another house might be costly in today’s market too. So I will make less renting a house for Airbnb as opposed to keeping my house and getting more profit for Airbnb.
Is it worth it to sell it now or should I continue to make money off of it on Airbnb and not sell my current house?
Thank you so much for reading this and prosperous blessings!
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