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Updated almost 4 years ago on . Most recent reply
YOUR Opinion on selling during hyper inflation
Hi BP,
My husband and I have been thinking about selling one of our rentals, but we are a little conflicted and would love your input.
I think we should sell, this property was an "accidental" rental (our first home, then when we moved out and we have been renting it) we do not get a lot of cash flow around $100 however since we bought it 6 years ago it has doubled in value from $95K to around $200K. I think we could sell it, wait for the market to settle then find another good cash flowing duplex. My husband is a bit nervous and is unsure if we should sell. WHAT WOULD YOU DO IN THIS SITUATION???
Most Popular Reply
If you sale and don't do a 1031 exchange the taxes will be hefty. You can cash out refi and use that money to purchase more.
As for me I am buying. Currently economic situation screams inflating is coming hard and fast. When things "settle" the price most likely will be higher anyway.
- Kyle Mccaw
