This regularly-scheduled sponsored Q&A column is written by Adam Gallegos of Arlington-based real estate firm Arbour Realty, voted one of Arlington Magazine’s Best Realtors of 2013. Please submit follow-up questions in the comments section or via email.
Question: I own a 1 bedroom condo near the Courthouse Metro in a full service building. In the near future I will be moving into my fiance’s townhome, and originally I thought I would rent my condo for a couple of years. I refinanced last year and can rent it at a rate that will cover my mortgage and condo fees. We plan to sell both our properties within 3 years (so I can avoid capital gains tax) and use the equity to purchase a single family house, most likely in Arlington.