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Updated about 9 years ago,

User Stats

1,255
Posts
1,097
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Joshua D.
  • Investor
  • Columbus, MT
1,097
Votes |
1,255
Posts

Selling My House??????

Joshua D.
  • Investor
  • Columbus, MT
Posted

Hey all, I am looking at the Idea of selling our primary residence and buying another "house hack" option (unidentified) The House we are selling we bought last year for $49,000 for us to live in and then move out after a year and hold as rental, However when we refinanced it a few months ago it appraised for $135,000...  It should rent for $750

Should we...   

A.   Sell now, Pay the taxes, and use cash to boost investing? 

B.   Live in it for another year, sell, pay NO taxes, and then boost investing?

C.   ??????????  

I would Love to get others thoughts on this...  We are leaning toward Option A because we hate paying taxes but I don't want to miss out either... 

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