I have a rental that's always done well, but lately I've been beginning to think that I'm better off selling it when the current lease ends in December as it's a seller's market in my city. I owe $85k on it and it should easily sell for $350k. I'm a total noob when it comes to this, I gather there are tax penalties to consider and also how to invest what's left. I have another house that's my primary residence.
What are some things I need to consider?
original posted by njaneardude to r/personalfinance on Thu, 18 Apr 2024 15:07:05 GMT.