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Buying & Selling Real Estate

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Claudia Bonaudo
Pro Member
  • Investor
  • Dallas, TX
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Buy and sell in 6 months, what about taxes?

Claudia Bonaudo
Pro Member
  • Investor
  • Dallas, TX
Posted Feb 7 2016, 08:22

Ok, this is what we got...

My mom bought a condo (140k) 6 months ago with the idea of renting it and have a passive income, long strory short the HOA didn't allow her to rent it, just for her (or family) to live in, so now she is thinking about selling it again (she doesn't live in the US).

She got a very good offer (170k) but I think that the market in that area is still growing because of the urban developments there (shopping mall, convention center, etc).

On the other hand the apt is empty and it's costing her around $400 in HOA fees.

What would you do? Do you sell it or hold it for a while?

Thanks!

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