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Reply to "Second home or make cash flowing long term rental? "
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[quote=Anonymous]Definitely sell the ski house. I feel like whether to keep the cash-flow positive current house depends on where it is. I live in DC and would not want to be a landlord here. But if you're in MD or VA it might be tenable. Keep in mind that if you sell the primary home now you get all the appreciation tax-free, but if you decide in 3-4 years that you should have sold you have to pay taxes on that money. Probably better to sell everything at once and use the money for the new house down payment. [/quote]
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