First time I've thought about Selling ...

[Omar Anis]

I own 1 property now that I bought in 2021 245k closing 3.0 rate. HOA was 265 now is 365 a month. I also had to put a new HVAC unit in last summer which I had to finance. Before the raise in HOA and the financing on the HVAC for the next 9 years, I was cashflowing ~465/mn. Now I am down to ~200 a month... heres what really got me thinking about selling.... I have about 215k left on the mortgage and a similar unit (not as updated as mine) just sold for 330k.. I also house hacked this and lived in it for the first 2 years so cap gains tax would be less no? I don't desperately need the cash right now personally but I am about to move 5+ hours away from the property too. (property is a townhome in NJ. The appreciation the past 4 years has been more than its seen since it was built in 2002.) I never bought this with the intent to sell until the mortgage was paid off but now when I look at the potential cash out after fees and commissions, i know I can find another investment in the next year or so to utilize that capital..as I do in my personal life with the liquid cash I have now. Any advice?

[Caleb Brown]

I think selling would be ideal. Use the proceeds to house hack again and save the rest. If you are going to have a rental I would make sure you have reserves for something like the HVAC. Financing repairs can add up quick and make it rough when life comes up.