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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 …
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 …
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 …