Newsflash: [PA] Sell or rent out property?

I purchased a condominium a few years ago as my primary residence. I am currently looking for a house now, and am debating whether or not I should sell or rent out the condo. What’s the best way to analyze this?Monthly expenses = mortgage + escrow (taxes) + insurance + maintenance/repair/upkeepIf I’m able to rent the unit out greater than monthly expenses, is that the best route?I did a lot of updates to the unit, so another option is to sell – since I’ve lived in the unit for more than 2 years, I shouldn’t have to pay any capital gains tax?



Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s