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Updated almost 6 years ago on . Most recent reply

Ron Todd's profile image
Ron Todd's profile image
Ron Todd
  • Rental Property Investor
  • from Oklahoma
  • Member since Mar 6, 2019
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Ron Todd's profile image
Ron Todd's profile image
Ron Todd
  • Rental Property Investor
  • from Oklahoma
  • Member since Mar 6, 2019
Connect
Ron Todd
  • Rental Property Investor
  • Oklahoma
114
Votes |
126
Posts
Buying & Selling Real Estate

Would you rent or sell this house?

Ron Todd
  • Rental Property Investor
  • Oklahoma
Posted

Happy Mother's Day BP!

We found the perfect house to make our new primary residence and now I'm left with figuring out what to do with our current house. Comparable rents will only net me $60 CF (after PITI/vacancy/maintenance). I could sell and net around 10k all said and done. I would love to hear what people did in a similar situation.

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Lee VanDenBroeke's profile image
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Lee VanDenBroeke
  • from Elkhorn, Nebraska
  • Member since Dec 5, 2017
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Lee VanDenBroeke's profile image
Lee VanDenBroeke's profile image
Lee VanDenBroeke
  • from Elkhorn, Nebraska
  • Member since Dec 5, 2017
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Lee VanDenBroeke
  • Elkhorn, NE
25
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Lee VanDenBroeke
  • Elkhorn, NE
Replied

@Jonathan Watt, sounds like this house has been his primary residence. If so as a married couple I believe they can make 500k without paying capital gains tax, so no 1031 required. Definitely sell it.

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