BRRRR or 1031 Exchange

[Eric Imhof]

I'm new to the site, and looking for advice. I have a rental property, and I don't know whether to BRRRR or sell under 1031 exchange. Info on the house:

Purchase Price: $163,500

Annual Taxes: 500

Annual Insurance: 1000

Mortgage: 1000

Current Rent: $1500 

I want to get more serious about investing in real estate, and I think I could sell this place for $250,000 - $275,000

[Jaysen Medhurst]

At that price-to-rent ratio it probably doesn't make sense to hold on to this, @Eric Imhof. Take your $100k+ and re-deploy that capital. I have family in Roanoke and keep an eye on the market. I know you can get into some 5+ MFR at that price.