I have 2 rental houses, 1 is a keeper but the other possibly not, I lived in it from 2021-2023 so I have a few years to sell it w/o paying capitol gains tax.
Purchase price was 290k currently worth ~350k. 267.5k remaining. 2.75% interest
Currently renting to a friend for 1950/mo
Next year when I have a property management take over rent will go up to market which is 2200-2300
Nets me ~2025 after 10% mgmt.fees
481/mo cash to me after paying mortgage minimum
Not worried about finding tenants, good neighborhood in a desirable and affordable city
There’s several massive trees that could easily cost me 5k a pop if they need to get taken down. Roots of one of them are cracking up the driveway, only a matter of time before they make it to the foundation.
Do I sell and stuff the proceeds into bitcoin? I know many consider real estate a “bad” investment compared to bitcoin. But Home ownership by actual people and not private equity seems like a battle here in the US so part of me doesn’t want to give it up. Just looking for fresh perspectives that I may not have thought about.
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