To Sell or Not To Sell
Hi everyone,
My wife and I own a townhome in Thornton, CO which is just north of Denver. We bought it back in 2017 and have close to $100k in equity. The property does bring in a little under $400 a month after the mortgage. We are trying to weigh are options to sell it and use that to buy multiple properties out of state or hold on to it and let it ride. It is renting a little below market, but the lease is until next May. We can sell under the end of 2022 with no capital gains. The area is near a new light rail so we would guess it will continue to go up. It is not the nicest but shows signs of turning around.
If you say to sell would you mind saying where you would then invest the money? We own a duplex in Milwaukee but are open others.
Appreciate your help!
