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Updated over 3 years ago,
Sell Rental, Use Cash to BRRRR? | Advice Request
Hello BP community! I am a newer investor and strongly thinking about selling my rental and using the cash proceeds (net ~$170k) to begin BRRRR'ing in the Midwest. The rental is an appreciating market (Boise) but I think now is a good time to cash out (no taxes due to primary residence, 2/5 years). Does this sound like a good strategy? What should I be thinking about as negatives/consequences to this plan?
I appreciate any and all input!
Casey