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Updated over 1 year ago on . Most recent reply

User Stats

7
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5
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Jesse Carter
5
Votes |
7
Posts

Primary Residence Condo Profit

Jesse Carter
Posted

I currently own and live in a paid off condo in Knoxville TN  

Bought in 2015 for 87k and it is now worth 300k.

Planning on selling it within the next few months since I would not owe any tax on the profit from the sale.

I have experience with rentals and short term rentals (sold the STR) and looking to use this money towards more investments.


Any other options I am not thinking about as far as the codo sale goes?  My thought process is taking the 210k profit outweighs anything else I can do with the property.  Ex. Renting it would mean no longer being able to not owe taxes on selling it in the future.

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