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Updated almost 5 years ago,
Should I sell my current rentals and invest elsewhere?
My current residential rentals have increased a lot in value. If I bought a similar property in my area for today’s price, it would never pass the 1% rule. So I’m wondering if I should sell some or all of these, do a 1031 exchange and invest in a different area where the price and rent are more in line with the 1% rule. I’d appreciate any advice! Thanks.