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Updated over 8 years ago, 04/26/2016
Should I sell my 2 family?
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??