Adventuregirl
Recycles dryer sheets
- Joined
- Mar 9, 2004
- Messages
- 86
Hello all!
I'm looking for experiences with rental income. My S/O owns a condo and I own a house. We want to consolidate living spaces and we're trying to decide what to do with the condo, sell it for a nice little profit, or keep it and use it as a rental while selling my home and using the procedes to purchase another home more suitable for us.
The condo won't be paid off for quite a while (he's had it just over 2 years) but can be rented for more than the mortgage, fees, ins, without a problem and could provide a source of income in ER. :
I don't know much about landlord law or the tax implications or the PIA factor and will do plenty of research into all. I'm hoping some of the members knowlege and experiences with rental property will help us decide what would be the best choice, keep or sell?
Thanks!
Adventuregirl
I'm looking for experiences with rental income. My S/O owns a condo and I own a house. We want to consolidate living spaces and we're trying to decide what to do with the condo, sell it for a nice little profit, or keep it and use it as a rental while selling my home and using the procedes to purchase another home more suitable for us.
The condo won't be paid off for quite a while (he's had it just over 2 years) but can be rented for more than the mortgage, fees, ins, without a problem and could provide a source of income in ER. :
I don't know much about landlord law or the tax implications or the PIA factor and will do plenty of research into all. I'm hoping some of the members knowlege and experiences with rental property will help us decide what would be the best choice, keep or sell?
Thanks!
Adventuregirl