SELL or HOLD Real Estate 2022

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[rocsy]

KEEP THE HOUSE! (Hear me out) Get a HELOC (home equity line of credit) so you can access your equity and still keep that incredibly low 2.25% rate. Use the HELOC to put money down on a new home when you move, to invest, or just have open as an emergency fund. Over time, real estate always increases even if it dips somewhere in the middle. You will always have passive income and the house will appreciate while someone else is paying your mortgage. You will also have the option to move back if you want. By the time you are ready to retire (assuming that is around 20-30years) that house will be worth millions(unless the SW runs out of water, lol), and other people paid for it.

[kings]

Awesome change from the fitness stuff. Something to consider for renting: higher income renters are less likely to stick around and just go buy a place themselves. My opinion is it's never been a better time to sell. Interest rates will keep going up and that will put downward pressure on house prices. Sounds like you want to simplify and long distance landlording is not it. Good news is this is not a "would you rather" situation, both options will continue to grow your wealth. Go with your gut and you'll sleep better at night.

[AZ-wgeg]

Rent.

Hire full-service property management, (legal, collection, etc) I paid 9% of monthly rent.

Rent for 3200.00 (1% rule)

No headache, and you can put business gains + rental gains into new renovation project.
You could even look into RV flips, or Trailer-park reno's.

Honestly dude it's up to you.

[markippolito]

Sell the property. Rent a place for 12 - 24 months and wait to see what happens in the markets. If you keep it and the market crashes - which is what the FED is focused on doing now, you can buy multiple properties preferably at a foreclosure or tax deed auction. Good luck and congrats!

[bigy]

It’s a good inflation hedge to keep it. Your 300k of loan amount is protected against inflation. No way inflation is under that 2.25% interest rate. So your getting paid basically to borrow money and earn equity holding an appreciating asset. Mortgage rates are high right now, maybe that will give a 10-15% headwind to home prices at worsssst but then what. You don’t think a ton of people are gonna jump on those deals and increase prices again? Yea, keep it

[gotparker]

100 Percent Rent it out. A. 1500 Profit on a 1500 investment is a 100 percent return on your monthly investment and some of your mortgage will also be reducing the debt with only a 2.2 Loan is huge. 2. You need cash. Take a home equity loan before you move. This let’s you take cash out and still not lose your passive income. 3. Homes and Rents tend to increase but your mortgage is fixed. This equation gets better every year.

[markuscruz]

*Most definitely sell while the market is still hot!!*

[Brady-E-Zone]

Great video! I think you nailed all the pros and cons of both options. I would personally sell the property and take the tax exempt capital gains and walk away with the $400K. Rate hikes by the fed likely will negatively affect the housing market in the future as less people will be able to get a mortgage to purchase houses.

[jeaangulo]

Watched 1 minute. Sell it. But only if u can move in somewhere else without breaking the bank

[majikdivaa]

GLAD TO SEE THAT YOU HAVE A REAL LIFE AND A FAMILY FR THE FITNESS GURU ! THE BEST THING IN LIFE IS FAMILY, FOOD AND TRAVEL (ESPECIALLY ASIA) ....NOT GYM, DIET, WAKE UP AND GYM AGAIN ..THERES MORE LIFE OUT THERE BESIDE GYM ...SEE THE WORLD !

[mattsmith]

SELL IT ! If you can get a place for $200k in New York, and as much sweat equity as you have in this house …. Sell it and invest in your retirement etc

[sfcc]

Always sell high buy low. Always.. you come out with crazy money to invest and you could grow a portfolio in extremely short time.

[majikdivaa]

20222, BEST TIME TO SELL NOW BUT THEN YOU TURN AROUND AND RENT, THE RENT IS SKY ROCKET EVEN IF YOU ARE LOOKING TO BUY A NEW PLACE ...ITS GOING TO BE 500 TO 600K AND UP FR AZ (STILL AFFORDABLE COMPARED TO OTHER STATES) ....OTHER STATE LIKE CALIFORNIA OR ELSE ..ITS GOING TO BE WORST ! SO, ITS BEST THAT YOU STAY WHERE YOU ARE

[zippyman]

it's hard to take on a new mortgage over 5% when you're sitting on a low-percentage mortgage. NY is expensive, good luck! Inventory in the real estate market is so low in some cities, it's a great time to sell. Making a profit is ALL regional. There are some places that just never lose value. You don't need a long-distance headache. Good luck, Dan!

[b]

I had a tenant for 10 years $350, 000 in rent and the value of the property increased too. He paid for the property

I've been in real estate as a broker for 20 years. Sell that home!. With your talent you will be able to find another and redo it. Sell it as you have made your profit already.

[ricoconti]

Assets are always good to have . Keep the property and if.you need access to the equity open a home equity line of credit or Heloc. Most banks do this and fairly cheap.

[davidvillalpando]

Don’t sell! Keep forever!
This valley is going to be the most desirable place to live. You will want to come back once you get tired of the cold.

[theoneandonlymoni]

I am the same way... bought a home built a mother in law suite...I currently rent them both out for 2.5 times the mortgage in Florida. The main home will need a roof and ac soon and plumbing just got me for 3k. Bought another home in GA and it needs everything.... but it is where my family lives. Thinking of selling and putting the money on my ga house... mortgage and debt free...but idk...my work is in FL.

[fstoll]

Follow your instincts, they have led you in the right direction so far.