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Updated almost 9 years ago on . Most recent reply

User Stats

62
Posts
9
Votes
Luca Mastrangelo
  • Investor
  • Cape cod MA
9
Votes |
62
Posts

Should I sell my 2 family?

Luca Mastrangelo
  • Investor
  • Cape cod MA
Posted

hi all. Looking for some insight on my situation. I own a 2 family unit in CT and recently relocated to MA. I'm considering selling. I currently owe $150k on the property. Sale price was $229 and it wld sell for somewhere between 269-309. My monthly obligation is $2100. Im going onto year 10 of a 15 year loan and my rental income is $2000/month.  Now that I am out of state I'm less inclined to keep it because of the additional money require to have a property manager show the property etc..  ( 1 months rent is the fee in CT).  

Since it was owner occupied recently I could save on the taxes. My fiance owns a property as well in CT that is a SF home that is easier to manange. We're getting married this year so well have that for some tax write off. 

I make about $100k/year and shr makes $70. Will our income/status change to married this year impact the potential sale?

Thoughts/advice??

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