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Updated almost 5 years ago on . Most recent reply
Should I sell my rental property?
My husband and I are in our later 20s we currently own a rental property that could sell for $180K or more. It brings in $1,475 a month. We do not have a mortgage on this home. We are moving to Arizona for my husbands job. His starting pay is only $45k a year. Should we sell the rental to buy a home for ourselves, keep the rental as an additional income, or sell the rental and use the money to put down payments on multiple properties?
Most Popular Reply

Why not sell the rental property when you move to Arizona and 1031 it into a multi valued at $600,000? If you can get a 4-unit you could live in one of them for a year and save some money.