Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 1 year ago,

User Stats

8
Posts
3
Votes
Suddha Talukdar
  • Rental Property Investor
  • Portland, OR
3
Votes |
8
Posts

Strategy to sell rental property quickly

Suddha Talukdar
  • Rental Property Investor
  • Portland, OR
Posted

I had listed my rental property in Beaverton, OR on Jul 22, 2023. It was my primary home converted to rental about 5 years ago. Plan is to sell and use 1031 exchange and invest in single or multi family in other cash flowing properties. 
I think it was listed at the top end of the market and when interest rates rose in August my agent didn’t react and reduce price. I did the math and ran numbers - using 1031 exchange and the 2x rule, my overall cash flow will be atleast double (since the house is almost paid off). It’s been 2 months now and still not sold- what should I do?

1) use whole seller at a substantial lower price but guaranteed to get cash out quickly

2) rent house again in a one year lease and use a second mortgage to take out equity on the house

3) find a different agent who is willing to be more aggressive to get an offer ASAP

any thoughts or ideas would be appreciated.

Suddha

Loading replies...