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Reply to "Should we sell our DC rental?"
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[quote=Anonymous]I own a Capitol Hill rowhouse that used to be our primary residence. We moved many years ago (way beyond cap gains limitation) and have rented ever since. 2.9% mortgage so we are able to keep rent pretty low. I’m trying to figure out if we should sell or hold. We had to pump $30k into it due to delayed renter maintenance and it will take time to recoup that in rent profits. I live in another HCOL area now and having some extra cash on hand would be nice due to job instability and a very, very high mortgage in my primary residence. Thoughts on DC market and whether we’d be better served in continuing to rent, or selling for a modest profit? We could also pursue a 1031 but with interest rates today it seems hard to get that to pencil…[/quote]
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