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Updated over 3 years ago,
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.