I’m moving from Lubbock to Fort Worth, and there’s no one better than the RRS brain trust to consult on this.
We bought our house in Lubbock on a 15-yr mortgage at a 2.25% interest rate. Incredible investment. We have about 35% equity in it.
I could sell it and make the move very easy in terms of having enough cash for a down payment in Fort Worth. Or I could empty some savings/investments and get a house in Fort Worth, be cash poor, but rent out the Lubbock house for a small amount of extra income while keeping a great asset.
Should I rent it out and be cash poor for a bit or sell it, giving away a great investment but keeping ample cash on hand?
ETA: if anyone in Lubbock wants to rent/buy a 4-bed, 2.5-bath new construction in Frenship, DM me.
We bought our house in Lubbock on a 15-yr mortgage at a 2.25% interest rate. Incredible investment. We have about 35% equity in it.
I could sell it and make the move very easy in terms of having enough cash for a down payment in Fort Worth. Or I could empty some savings/investments and get a house in Fort Worth, be cash poor, but rent out the Lubbock house for a small amount of extra income while keeping a great asset.
Should I rent it out and be cash poor for a bit or sell it, giving away a great investment but keeping ample cash on hand?
ETA: if anyone in Lubbock wants to rent/buy a 4-bed, 2.5-bath new construction in Frenship, DM me.
