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Should You Sell Your House or Rent It Out?
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“Should I sell or rent my house?” If you’re moving, starting (or growing) a family, or upsizing, this is a question you’ve probably asked yourself. You know that if you hold onto your house it’ll (most likely) appreciate in value, but a sale could give you the cash you need to make a down payment on your new place. What do you do, and which option could make you $300,000 wealthier in the long run?
Dave has faced this dilemma multiple times. He’s moved states, moved out of the country, and wondered whether selling vs. renting his house made the most sense. Thankfully, we have a free rent vs. sell calculator you can use to do the math so you can know exactly which is the best option for your situation.
Dave walks through all four options:
1. Selling and using profits for a down payment
2. Renting and managing the property yourself
3. Renting it out WITH a property manager
4. Selling and investing in index funds instead
We’ll see which makes the most cash flow AND net worth difference in the end!
00:00 Sell or Rent Your House?
02:21 How to Decide
03:43 Free Rent vs. Sell Calculator
05:24 Sale Profits vs. Rental Profits
06:38 Your 4 Options
09:03 Best Option for Cash Flow
12:22 Best Option for Net Worth
16:39 How to Rent Your House
00:00 Sell or Rent Your House?
02:21 How to Decide
03:43 Free Rent vs. Sell Calculator
05:24 Sale Profits vs. Rental Profits
06:38 Your 4 Options
09:03 Best Option for Cash Flow
12:22 Best Option for Net Worth
16:39 How to Rent Your House