Asked by Trent, Outside U.S. • Wed Jul 31, 2013
I own (no mortgage) a nice 900 sq. ft. condo built in 1972 in Westminster. Would like to get a home in the $200,000 range. Considering if it would be better to get a mortgage or to wait and save enough to buy a new place in cash. Also wondering if it would be better to rent or sell my condo. Especially since it is fairly old but it is in great condition. It is part of the Cottonwood Villas. I think I could get $900/month for it and probably $60,000 if I sold it. I would like to make the extra rent money but am worried because of it's age it may be much harder to sell in the future. Any advice is much appreciated. Thank you!
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