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Updated almost 7 years ago on . Most recent reply

User Stats

23
Posts
8
Votes
Alex T.
  • Investor
  • San Jose, CA
8
Votes |
23
Posts

Selling in CA now - is this a good idea

Alex T.
  • Investor
  • San Jose, CA
Posted
My friend who bought his primary residence in 2014 has his home appreciated by about 500k. He is wondering whether to sell and use half of the proceeds to acquire 1 mil worth of income properties in Florida or Ohio. Wait for more appreciation or bail out now? Any thoughts?

Most Popular Reply

User Stats

63
Posts
26
Votes
Ricardo Cristobal
  • Rental Property Investor
  • Apple Valley, CA
26
Votes |
63
Posts
Ricardo Cristobal
  • Rental Property Investor
  • Apple Valley, CA
Replied

If my house appreciated by that much I would do what you mentioned and buy new investment properties. So pretty much your money made you more money. 

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