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Updated over 1 year ago,
What to do for more cash flow in Clearwater
I've owned and rented out a condo in Clearwater for 8 years. I paid 140K cash for it and it's worth about 375K now (3/2 in a nice area). HOAs are high - 660 and prob only going up with what's happening with condos here. Rent is 1900 (prob should be 2100-2200 but these are long term tenants. I make about 7K a year on it. I'm wondering if I can get better cash flow by selling it and leveraging it into single or multi family possibly with a 1031. I just starting getting more seriously into investing this year and one goal is to gain a few more rental properties. Should the money I've made in the condo be put somewhere else? I'd appreciate the advice.