[USER]

Hi friends, looking for some views on the situation we are in now. We live near to DC and we closed a SFH with a little high monthly payment.

The DTI is well below the range that is within 45% of our income and we will be having 5-6k left after the payment.

We do have a townhome which can be rented to cover its payment.

We are debating if we should sell the townhome and put that equity on the new house or hold it and sell it when our elder kid goes to college which is 4 years away.

Townhome’s neighborhood is super and none of the houses sit in the market for more than 2 weeks both for rental or selling.

My relative family is pushing hard to sell it and saying we will be locked and it’s a bad decision if we hold.

We think to bring in some money from our home country and build equity on the new home.

What would be a wise choice to do? I couldn’t think through and after my relative family spoke to us ..I’m totally blank.

Pls share your views on… thank you!

[Christina]

If the townhome was your primary, I’d sell to take advantage of the capital gains tax exemption.

[Angi]

If that townhome rents easily and pays for itself, I’d hold onto it—cash flow + appreciation = long-term win.

Don’t let someone else’s fear cost you future equity!

[Catherine]

There has been talk of reducing interest rates.

If that happened, you might be able to set a higher listing price

[Russell]

Why sell when your elder kid goes to college?
If it pays for itself, keep it cash flowing.

[Rohit]

Sell your relative’s family and hold the townhome. Win in long run

[Author]

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