Dear friend of mine is a successful chick. Travels a lot for work. Bought a 2000 ish sq ft home a couple years ago.
So she's stable and makes decent money ($90K)
She's in a relationship that's getting serious. Doesn't need the house. Realtor says she can sell it for 25% over asking price in about an hour. She has just a little equity in it of course.
She's pondering selling it or just renting it out.
Prudence says hang on to it, rent it out in case something falls through in the relationship. Whatevs.
I don't know what capital gains is going to be next tax season.
She's thinking of renting it out, but do you really make any money doing that after the property management companies takes their share?
But at least it isn't costing anything and you still have your asset, right?
There's lots of rich guys on here with multiple streams of investment income. How would you advise a person in her shoes that's just a regular Jane Doe with her one main asset?
So she's stable and makes decent money ($90K)
She's in a relationship that's getting serious. Doesn't need the house. Realtor says she can sell it for 25% over asking price in about an hour. She has just a little equity in it of course.
She's pondering selling it or just renting it out.
Prudence says hang on to it, rent it out in case something falls through in the relationship. Whatevs.
I don't know what capital gains is going to be next tax season.
She's thinking of renting it out, but do you really make any money doing that after the property management companies takes their share?
But at least it isn't costing anything and you still have your asset, right?
There's lots of rich guys on here with multiple streams of investment income. How would you advise a person in her shoes that's just a regular Jane Doe with her one main asset?
