Updated almost 6 years ago on . Most recent reply
Good time to sell an investment property
I have a house that I wasn't thinking I was gonna sell but got a really big offer. It is cashflowing after paying mortgage about $1750 per month. I lived in it for 10 and bought a new house. If I sell it before April I would not pay capital gains tax on 250k. I have an offer for 625k and owe 279k. After everything might walk with 315k. Of course 65k I would have to pay tax on. This is kinda small little house but does have studio apt and great location. So two rents coming in. Been awesome cashflow even pays my other house full mortgage payment. I feel like we are do for another recession and think selling now could be good. So torn a place that has great cashflow and location or big chunk of change for another project or investment.