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Updated 8 months ago,
confused between selling or keeping as long term rental - Seattle home
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.