General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 5 years ago, 12/24/2019
Should I rent or sell my condo?
My condo is in Minneapolis. The value is approximately 190,000. I owe 64,000 on it and purchased it at 145,000 4 years ago. My monthly payment is $1,200 (including HOA-275 and taxes) and I could likely rent it for $1,600. I'm not sure if I should rent or sell, given I'd have to pay capital gains on 190,000-145,000. It is in an area that I expect continued appreciation at a higher than expected rate. What would you do? Thanks so much!