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Updated over 1 year ago, 05/12/2023
1041 or keep property
We are in the process of trying to get a squatter out of our property in Detroit. It’s one of the most stressful experiences ever! This is the last property were trying to sell before someone created their own fake lease. Now we wait.
We wanted to do a 1041 with the proceeds from the Detroit property and buy in Texas where we live, but with these high rates, I’m not sure, but it seems the rates are only getting higher. Thinking maybe we rent in Detroit until rates go down or I am I being crazy to keep my property in Detroit.