Bought condo from parents for 180K with fmv 450K. I’m coming up on 2 years of living here but thinking about moving. Should I sell or rent out? 165K left on mortgage. Monthly cashflow if I rent would be ~200-300.

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So your parents gave you 300k? Good for you!


Lol engineer 👨‍💻 basic math
FMV $450, $165 left on mortgage is equity of about $285 (before closing costs). He paid $180k and the mortgage balance was also probably higher a couple years ago. So they gave him less than $100k


If you don’t sell it, do you have enough money to buy the next place on your own? If not, then you probably need to sell.

If you didn’t need the money to buy your next place, you may want to consider if you could you make more by investing that amount in other markets. $200 a month in return on $300k in equity sounds pretty terrible. You could probably find houses in other markets that cashflow much better than that. But that will take time and effort.

If it were my place, I would sell and find a better market for investment. But that’s also because I’m more comfortable investing remotely, and can find houses that cashflow much better than that.


Yeah, I would need to sell for the downpayment on my next home. I know the cashflow is much better in places like the Midwest but not sure if I want to deal with the hassles of prop management especially out of state.

Why is the rent so low? Or do you mean 2-300 after mortgage?


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