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Updated almost 5 years ago,
Single and Home up almost up 200%
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.