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Updated almost 4 years ago,
Sell or hold in California?
I have a property in Stockton, CA that is worth 420k and I owe 260k. It has really solid family renting who do not want to purchase ever, so they will never leave. I can sell this year and not get hit with capital gains. It currently cash flows $600/Mo.
-I’m not sure if I should stick with the solid renters or take the $$ and invest in other markets out of state?
I own 2 other properties and they’re all in this city close to each other.
What is the best move?