Single guy w/ SFH looking to make a change, move out of state, use current home as leverage to capitalize on opportunities

Hello, I know the title sounds like a mouthful but let me elaborate and if you would give me any thoughts or advice on how you would handle this home owner situation to try to make the most I can off of it during my transition to a new city (Phoenix or El Paso TX probably), that would be great and I’d be so grateful! 🙂

You see, I have a 3br/1 ba home about 1100 sq ft big in NM where the mortgage is still $89k but I’ve had a real estate buddy tell me I could probably get almost $200k for it. If I get this job offer in AZ, I may have to up and move quick! Should I sell it and rent for a while in AZ while I get my feet planted? What kind of real estate tactics would you use with extra $1000’s in your bank account in this transition?

Or is it worth renting and maybe making a few extra hundred dollars from rent? This detracts me because that’s extra overhead and not worth the attention.

Help?

submitted by /u/Rapitfiya
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Hello, I know the title sounds like a mouthful but let me elaborate and if you would give me any thoughts or advice on how you would handle this home owner situation to try to make the most I can off of it during my transition to a new city (Phoenix or El Paso TX probably), that would be great and I’d be so grateful! 🙂 You see, I have a 3br/1 ba home about 1100 sq ft big in NM where the mortgage is still $89k but I’ve had a real estate buddy tell me I could probably get almost $200k for it. If I get this job offer in AZ, I may have to up and move quick! Should I sell it and rent for a while in AZ while I get my feet planted? What kind of real estate tactics would you use with extra $1000’s in your bank account in this transition? Or is it worth renting and maybe making a few extra hundred dollars from rent? This detracts me because that’s extra overhead and not worth the attention. Help? submitted by /u/Rapitfiya [link] [comments]

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