Salling Vs. Renting
I have a condo in Arlington, VA and have nearly $180,000 in tax free gain. I am agonizing over weather to sell now or rent and hold.
Of course, all of the take would be tax free at this point, but my rental income would be taxable.
Any advise appreciated.
Suggest you sell. Use a portion of your tax free profits to acquire investment rental property.
Just curious, what is the name of your condo building in Arlington?
The Condo is in Westhampton Mews, a 20 minute walk or one bus stop from the Pentagon,
You have a ready market of potential buyers working at the Pentagon. Higher ranking military officers should have no problem qualifying for a VA loan with 100% financing.
It would facilitate your sale if your unit comes with two parking spaces.
Heck yeah, sell that puppy now and transfer those gains into better investments....you could make a bundle.
http://www.thecreativeinvestor.com/ViewTopic14974-33-34.html
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