Updated 7 months ago on . Most recent reply
Do I sell my rental property and take the cash tax free?
If I do, I need to sell it by July 2026 in order to not have cap gains. We lived in two of the last five years up until July 2026.
I haven't been like I should watching the market like I should. I want to have more rental properties in the future and could definitely use that income to help fund those, but with the interest rates being higher, it makes me nervous. We make about 1200 a month, about 1000 is "profit" and we do use the income. We could get by on using about half of it if we had to.
Loan is 4.25%
200,000 left on mortgage
Value 400 conservatively
refinanced in 2019 so about 5 years in.