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 6 years ago,

User Stats

439
Posts
578
Votes
Tanner Marsey
  • Rental Property Investor
  • San Diego, CA
578
Votes |
439
Posts

what would you do with 100k?

Tanner Marsey
  • Rental Property Investor
  • San Diego, CA
Posted

Looking to sell my investment property to expand/shift focus. I currently own a 2/2 in huntington beach, Ca. it does cashflow a little bit, however, not much and after hidden expenses I probably break even/lose a few bucks a year. Also, it is built in 1978 so its going to start needing some serious work in the next few years. (sidenote: I rent to a co worker and give him a break because I know he will be a hassle free tenant. I could probably net another 200/mo at fair market value.) 

Anyways, selling it should net me 100k-ish. My initial thought is 1031 and invest in small multifamily out of state. Ideally, two fourplexes. Is this a good idea? Should I try and hold on to my property that I already have? Is having multifamily property out of state a realistic/good option as someone who doesn't manage property full time? I am also open to putting that money into something entirely different if the opportunity arises. 

Thanks in advance.

Loading replies...