All Forum Posts by: Jessica Perez Velazquez

Quote from @Jonathan Soto:

cash flow would be tight but you have a great rate. might be best to sell and cash in the tax free capital gains if you qualify and reinvest the money to make more money.

Definitely qualify for tax free capital gains, which is why it’s been soooo tempting to just sell haha but I also know that they’re developing a lot of nearby areas and more and more luxury stores are starting to pop up in the woodlands, which is 5-10min away, so I feel like this home could appreciate so much more in the coming years (probably lol but recognize everything could crash too) 

Hi all! First time homeowner here (since 2020)…I really want to move out of my current home because it is too large for me and my two dogs and I hate cleaning so much space (refuse to pay someone to do it haha)

it's a 3BR/2.5BA, two stories, 2565 sq ft on a 7000 lot with a huge pool in the backyard. I got a 2.8% 30 year mortgage (main reason why I haven't sold it yet, even though I have a bit in equity now, thanks to appreciation- I think it could sell for about $380k today, but still owe $246k out of the $271k I originally borrowed ). I'm torn between selling it and pocketing that equity, invest it in index funds, my Roth IRA, and keeping some in my HYSA, etc. BUT I also know that I probably won't get such a low interest rate again in a very long time 😅 so I don't know what to do. To sell it or rent it? I think I could probably rent it for $2500? I live in Spring TX

for reference my mortgage, taxes, and insurance are $1840 each month, $385 per year in HOA fees