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Updated over 5 years ago on . Most recent reply

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Ben Mills
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4
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To Sell or to Hold near Amazon HQ2?

Ben Mills
Posted

I own a condo within 1.5 miles and a few metro stops of the new Amazon HQ2 site in Northern Virginia.  I owe $378k and the property is currently worth 415k. Currently, I have great tenants in place but at current market value, I am out of pocket 400$/month.  Should I cut my losses now and sell or give it a chance to appreciate?

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1,384
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Frank Wong
  • Real Estate Broker
  • Bay Area
3,263
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1,384
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Frank Wong
  • Real Estate Broker
  • Bay Area
Replied

I agree with @Russell Brazil to sell it.  We don't know what the future of prices will be and how long it will take to appreciate where you want to comfortably exit.  We do know today its costing you -$400 a month.

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