1031 or hold due to low interest rate( 3.375 / 20 year)?

[Christian Espana]

Hello BP Community,

I have a property in California with about 270K in equity, but no cash flow, just breaking even. I am considering selling and doing a 1031 to buy properties in Florida or Tennessee. 

Initially I was thinking I would buy a couple of SFH, I am not an expert, but perhaps looking into Duplexes or a house in Nashville where I could Airbnb.

Any thoughts on this strategy? Or would it be best to hold, since eventually I will cash flow and have a great rate on the loan?

Thank you in advance for your thoughts!

[Kumar Gaurav]

@Christian Espana

Hello,

Have you considered tapping on its equity by refinancing or HELOC and investing in another property?