All Forum Posts by: Ashley Rogers

@Randy Bloch I do live in the unit. My concern is that after two years not living here, I'd have to pay capital gains. 15% of 45,000 is a lot and would negate renting it out for awhile. 

@Theresa Harris Thank you! I'm not sure what I would do with the money if I sold it. At the very least, I'd add it to my high-yield savings account (1.88% interest currently). I'd be interested in adding it to my stock portfolio as well. Any suggestions? I could manage it myself as I'm staying in the area. 

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!