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Home › Forums › Housing › Advice sought on renting out old house versus selling and taking the money › I think what flyer said makes

April 8, 2014 at 4:06 PM #772642
The-Shoveler
Participant

I think what flyer said makes sense as well, but to me unless you are thinking really really long term (20-40 years) or maybe to pass down to your children etc…

I think that once you turn it into a rental for 5 years you can kiss your tax free money away and you could also pass the new rental and assets as well.

There are buy and “NEVER SELL” types that do extremely well over a long term time frame as well.

Will we see the same appreciation in coastal SD over the next 30 years as the last 30 years ?

Not so sure IMO, some other areas may do some catching up.