I have a house with a 2.25% mortgage, about $95K balance. I could probably clear $50K if I sold it after a new roof, paint and flooring. That's my plan but the Irish in me pains to see the lender get relief. I can sit it empty for a while as my nut is only $700 with utilities.  I really don't want to be a landlord either. Any ideas? Oh. yeah. helicopter.

What does this have to do with Helicopters? Go to "Losers.com"!

in cash sitting liquid in at least 2 banks RN you are way way way behind the curve bro.  Pay that mess off and quit giving away money to the banks.....

 Do the repairs, hire a management company. Only accept very highly qualified renters with a very tight lease. No criminal, record, same job for 5 years or more, etc.

 I never hear anything about my rentals except when when the deposit comes in on the 5th.

 Meantime I do my helicopter job until retirement with 4 paid off houses to keep or sell if interest comes back down.

Thanks for the reply, but I was wondering if anybody had a creative way to leverage the interest rate arbitrage.

Really don't want to be a landlord.

What nobody seems to realize is if you sell the house and don't put it in another one, you will owe taxes. You can take the equity and put it in another house but your next place is going to be a helluva lot more for the same thing. All equity will be gone. Stay in the house.

Will you still owe $95K ?  You damn sure, don't want to be holding cash when the music stops or when they demand you exchange your cash for universal digital coins.

chimes in. you should sell your house, buy gold and live in a cave and wait for the end.

HELOC rates are variable and set according to current interest rates, so it's not like they could have "locked" into say a 4.5% HELOC rate 5 years ago and now tap into their equity at that rate.  Just saying......

Uncel Warren says: NEVER sell real property.

It will almost certainly appreciate in value unless it's in a severely declining area, and will almost always be available for leverage or cashout if absolutely necessary in a real financial emergency.

Of course, you're posting here, so you'll probably trade that high value asset for a lifted Dodge truck that will lose value daily... oh well.

Keep it, rent it out but use a management company.  

Thanks for the responses. I was looking for something creative that I hadn't considered (you don't know what you don't know).

why you would care whether or not a faceless corporation would benefit from your decision. this is how Irish people think?

Yes

the landlord stuff to a real estate company, rent it, take the write offs and enjoy.  Being a landlord is of little concern when others manage it.  Being a hands on landlord is beset with problems you probably don't even want to list.