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I’m familiar with the area, HOA fees seem fair. The area is good. I’d probably inquire about the ability to rent it out long term and short term even if it’s not your current plan. It’s generally a good area for employment, not sure how Intel layoff impacted the area. If you put a Murphy bed in the living room it would be a decent setup for a single person or short term rental, thinking business travelers. Lots of tech contractors in the area looking for cheap rent. Ground level is ideal, 3rd story up steps impacts reselling. I can’t speak to price. The house I bought in 2015 is up over 100% in that area. You’ll get to write off PMI, interest paid, points paid on loan, the prepaid taxes. Only red flag I see is time on the market. 148 days, so I wouldn’t offer full price. Appreciation will likely be tied to employment trends at Nike/Intel.

smart

Rental restrictions in the HOA covenants would be my first concern.

Second would be identifying what market rents / competition look like in the area.

helpful

Consult with a tax professional. Based on what your provided I don’t see how any of this will help offset any taxes.

smart

How exactly do you plan to offset taxes by purchasing property?

Also curious how this will save you taxes? Are you doing a 1031 exchange?

This isn’t going to offset any taxes unless you are doing an exchange.

Buying a property come with more tax load on your assets so how are you planning to offset taxes??

Agree

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