Saturday, September 24, 2005

Sell house or become a landlord?

St. Paul Pioneer Press | 09/23/2005 | Sell house or become a landlord?: "We have eight years left on our mortgage and a remaining debt of $127,000. The house is worth about $260,000. Now we're going to move into my father-in-law's $700,000 home. We'll only have to pay his property tax, about $8,000 a year. Should we sell our house and invest the profit? Or should we rent it for eight years and then decide whether to sell?"
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