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All Forum Posts by: Naresh Achary Vadla

Naresh Achary Vadla has started 1 posts and replied 1 times.

Hi, I am bit of confused between selling or keeping as long term rental regarding a property that I own in Seattle area. (Bothell WA).

I wonder any of your inputs might help to narrow down my options.

My property is already appreciated 100% purchanse price was 530K. I wonder should I keep it on rent 3500 per month on an average.

Property management fee : 300 

Maintenance issues: 600 a year on an average

Mortgage left: 350K 

If I decide to sell I might make 700-800K cash. And could save capital gain tax on first 500K profit . This clock is ticking Novermber is the last chance that I could save tax on capital gains

Any experts here, please share your thoughts on this situation.