Sell condo in Arlington Va (Amazon HQ2)
Bought a fixer upper condo in Arlington in early 2018 for $235k. We put in $25k reno and recently got it appraised for $350k (thanks Amazon!) Got about $80k in debt (CC, cars, student loans). Should I cash out refi then rent, sell home, or something else? Is it dumb to sell in this area right now if we can easily rent it? We would break even renting it out after refi (not taking into account repairs, maintenance). At this price point renters could be reliable. Thoughts? TC: $230k
Where in the fuck did you find a place in Arlington for that price? That sounds more like a Woodbridge price lol. But yeah, don't sell until at least 2022
Place was trashed out and no one wanted it.
Why do you have CC debt with that TC in that COL area?
New job. Burnt out and was unemployed for 4 months earlier this year. Mental health mattered more
Pay off your student loans before doing dumb crap like this.
If you have car and credit card debt, you need to solve your spending issues first. Don’t sell, the value will only grow with amazons presence.