Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated over 3 years ago on . Most recent reply

Should I sell my Condo on 1031 or no??
Hello, I have a condo in the Newark CA area which is about 15 min from Silicon Valley. I've owned it for 22yrs and been a rental now for 17yrs. I have about $250K in equity and the rent is a wash compared to my obligation. So, I wanted to get others opinions on whether or not I should consider a 1031 and use that $250K to purchase another rental or tow or three that I could get probably get to cash flow between $1K - $1500/mo compare to no cash flow at the moment?? Thanks in advance.