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Updated over 4 years ago on . Most recent reply

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Jim Halpert
2
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16
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Amazing deal offered .But should I hold ?

Jim Halpert
Posted

So I purchased a home pre covid that was going to be a full rehab . Purchase price of 68k. Rehab costs 50k. Let’s call it 130k all in. 

Just received an offer on my home for 260k. That’s 130k profit . Without including capital gains ... currently I’ve had it as an air bnb bringing in roughly 2k a month . 

My question is , so I take the money and hunt for something it this crazy market or atleast hold for another year?? 

The money would be nice as my main job was working on the house . But I’m worried about taxes !!

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