Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 5 years ago on . Most recent reply

User Stats

2
Posts
0
Votes
Keldeck Knight
0
Votes |
2
Posts

Single and Home up almost up 200%

Keldeck Knight
Posted

Hi everyone! I've been watching these forums for quite some time and have been very pleased with the information I am walking away with. AS of recently I've been having a little bit of a struggle as I have my first rental which I bought as my primary for the mount of 230k. Its up to about 430k right now and I'm renting it about $700 above its mortgage value. I know if I sell it I will be exempt from capital gains as I've only rented it for one year but with the way the presidency is going and the likeliness the economy would tank is my specific situation better to just sell and way for prices to drop and buy a set of condo's with the 200k? Is the Risk there and worth it (Considering the equity I have in the house)? Or is it always best to hold on it and refi the payment down.

Loading replies...