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Updated over 3 years ago,
Should I sell my condo that is making cashflow that's appreciated
Hi,
I own 3 condos in, a triplex (pending making it a fiveplex) and recently got into escrow for a SFR but will be converted into fourplex in Southern California.
I am thinking about reverse 1031 exchange on of the condos. The HOA is 302 and I now have a cashflow of 260 per month. I bought it in 2019 and I will have earned 50% ROI. I bought it at 365k and it's now 500k. The other 2 condos have more equity but this one is the least desirable location.
I thought about the 100 per unit that Brandon Turner teaches and the condo is already making cashflow. Should I sell and re-invest in multi- units or keep?
Thank you so much!
Lalaine Villafuerte