Looking for some advice here.

My wife and I are working out of town for the next year, while I have a house back in LH area that I see a potential huge upside in selling now.

We are getting a healthy per diem to be on the road with my job, so the house back at getting paid for out of that, and I have her younger brother living there and paying me some rent (not all - cant afford to, $1K but he is really just helping me out as I would rather it not sit vacant) but its just icing on the cake at this point.

I would prefer to sell the house now and make money before a potential drop in the housing market. Then I would have that money in the bank when we do go to move back. We do expect to sell the house before moving back to DFW and get a bigger house further out of town.

At the same time, I am likely to also be shipped out to another job on the road and my wife would travel with me and we would get per diem to cover the house back in DFW and I could continue to make extra money on top of it if I do not sell.

So what are your opinions.

a. Sell it now and collect on it while I can? Not sure how capital gains work but I expect to make a significant increase on what I sell the house for vs. what I bought it for back in 2015. That sure would make it easier when we do go to move back, to not have to worry about manage selling mine while also shopping/putting down payment on another.
b. Do I hold on to it until we potentially move back in summer of 2022?

Any other advice is greatly appreciated.

thanks

lake highlands, Dallas

will you be making over $500k profit if you sell?

where will you invest the gains from the sale? I'm guessing the rent will not cover mortgage, taxes, maintenance, and expenses?

Hard to pass on the current market as a Seller. If you want to have a conversation about it, feel free to reach out...I'd love to help. Cell is 972-365-0432 or Cody@MyRobinsonTeam.com.

Cody

I would be in the camp of keeping your home for one year.

Gives your brother a place to stay without paying above his means. Guarantees a place for you to return to while purchasing or building your next home. Do you forsee a reduction in the housing demand in one year? Not likely in our market.

That is just me though.

I wouldn't pay presumably 30k+ to hold a property that I was going to sell in a year anyway. You'd have to hope the market not only holds, but increases over the next year to come out financially ahead. Question you have to ask yourself is if having a place to return to and helping your brother in law out is worth it.

To me the answer to that question is no.