Should You Sell Your House Or Rent It Out

One of top ways people begin investing in real estate is by buying their first home and then either selling for profit or renting it out and becoming a landlord.

But should you sell your house or rent it out?

In this video, 3 experienced real estate investors discuss which option is best & most profitable!

If you enjoyed this discussion, make sure to subscribe and watch the full episode of the BiggerPockets Podcast Show #336, releasing Thursday 6.27.19

What do you think? Let us know in the comments!

[brodyhomebuyer]

Real estate investing is hands down one of the best ways to achieve financial freedom regardless of what the market is doing. Great stuff!

[DanielIles]

Benefits to both. Just like most other decisions it is never black and white. Best to know your options well enough to make your own decision.

[atlanteum]

I don't particularly want to sell, but... selling would provide the capital and cushion to be able to start investing in rentals full-time. It's a tough choice, to be sure. Thank you for your thoughts on the subject.

[ShaneHummus]

If ever I have spare house. I rent it first, and use the income to invest to another house and sell it.

[adamdaniels]

Im planning on refinancing to get some cash out and renting my house out a$ap! Price of rent is unbelievably higher than price to own in my area.

[melittaramsey]

Market is at a sellers hi now and my condo has been rented out for the past 2 years making me a Thousand dollar a month clean.
If I sold my house now I can make 400, 000 out right after paying all the expenses and taxes... I have a management company taking care of the house but since I moved out of the country and perhaps want to buy a house right now live I’m considering of selling but I don’t know if it’s the right thing to do.. Wonder if you can give me a quick thought

[brandoncinq]

I bought a condo in NJ with no intention of it being a rental (I’m 25). Unfortunately found BP shortly after the purchase. Lived in it for 1.5 years before relocating to Texas for a better job, better life, etc. it’s on the market now...for what I could get for rent I’d only be cash flowing $100 MAX. I have family in the area but wouldn’t be able to pay a property manager. Should I just rent it out or sell it?

[anrod]

Is this still true in today's market?

[egorxeke]

I bought a hime for $130, 000 is worth now $220, 000
3 Rooms, 2.5 bathrooms, car garage, fireplace.
Should i Sell it or rent it out? Any advice would be greatly appreciated thanks.

[TechOutAdam]

I can see why David moved to Hawaii, he looked pretty lonely on that Macbook screen. lol!

[Trenttabor]

Why would it be less risky to have only a few properties. Make no sense. More properties, is more rent coming in, more insulated from large expenses.

[threadoflife]

So if I bought my primary in June of 2016 and moved out of it November of 2019 and turned it into a rental so I have to sell it before November 2021 to avoid capital gains or do I have until November of 2022?

I’m a little confused on this it was my primary for I believe 5 years before I rented it out and purchased my new primary.

[joelhinojosa]

I have a house mortgage 1, 500, 20yr loan and only owe 180, 000, can refinance for 30yr loan at 4% drop payment to 1, 100 a month with taxes and ins, the house can rent for 1, 900 a month cash flowing 800 a month and have a Heloc for 60, 000 for the BRRRR. Selling the house I make 80, 000 before commission and expenses. What makes more sense.

[jjoven]

How about the depreciation?
Let say you bought the house for 250k and now it’s worth 500k. If you convert to rental, you can only depreciate to 250k. You’re loosing 9k per year on depreciation exp