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Search options questions only not deleted user 3296

Questions around the use of property that is rented to others.

23 votes
6 answers
7k views

Is this rental property worth keeping, or should I sell?

I became an accidental landlord, when I bought a house 3 years ago, and did not sell the house I had lived in for 10 years. Here are the facts: House purchased: $200,000 House Mortgage remaining: $16 …
Derek's user avatar
  • 865
22 votes
10 answers
14k views

Should I sell a 2nd home, or rent it out?

I have recently purchased a home which will presumably be my long-term residence. I have not yet sold my original home, and I am trying to decide whether I should rent it out, or sell it. The 1st hom …
Derek's user avatar
  • 865
1 vote
0 answers
100 views

Taxes on selling a house I rented

I paid $200,000 for a house in 2007. I lived there until 3 years ago, at which point I rented it out because the real estate market was not good. Now, it is able to be sold for $250,000 I understand …
Derek's user avatar
  • 865