To Sell or Not To Sell

[Daniel Bradley]

I own a 1BD/1Bth rental condo in Southern CA that I am breaking even CF on because I took cash out on a refi to buy my primary residence. I owe $159k and estimated value is $250k, so still some equity left.

I'm wondering with the impending economic downturn, and since I'm no longer cash flowing, should I sell and get the remainder of the equity then 1031 into another turnkey or BRRRR property(ies) in state or out??

Also current lease is till March 2020, so if I do sell, what do I do with my Tenants?

[Daniel Bradley]

@Dave Foster I'm definitely cash flow first appreciation second. I think this property is at around it's peak of appreciation and I'm thinking I can take the funds and put a down payment on a SFR that has more options and upwards appreciation value