All Forum Posts by: LaTasha Young

I think I could get about 25k net out of it. So, yes I might be able to reinvest in a better cash producing property. The only problem is the Houston market is so inflated right now. 

The area has appreciated over 20% in the 5 years that I've owned the property and I honestly don't see it going down. 

I just moved last year, so I will keep that IRS 250k exclusion in mind. 

I own a condo that I used to live in, but now rent out. After two tax increases and a subsequent rent increase, I only profit $18 a month on the property. I'm wondering should I just sell it or should I keep increasing the rent on the current tenant? I would ma j e a pretty nice profit if I sold. It is a one bedroom, one bath on the best street, in one of the most sought after areas in Houston.