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Reply to "Sell or rent out starter home?"
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[quote=Anonymous]OP - sorry haven't checked this thread in last 24 hours. I want to clarify that reason note is so low on house is I've been putting my bonus to pay down HELOC. My cap gains would only be around $100k if I sold the house, not $300k. It seems the "keep it and rent" folks have started chiming in. I have 2 years to see how I like renting and can still sell and take the gain tax free. I may do that as an experiment. May also be better bc I likely won't close on new house until August which puts me out of the selling season on old house. [/quote]
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