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Updated 2 months ago,

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Tyler Bailey
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To Sell or not to sell *Looking for Recommendations*

Tyler Bailey
Posted

Hey guys! 

in Jan 2020 I closed of my first house while active duty navy in San Diego. Its 2 miles from the beach and just 20mins south of downtown and close to 5 navy bases. I purchased the house for 575k with the VA loan @2.5% interest rate. Zillow's "Zestimate" (I understand its not exactly accurate) is roughly 875-925k. My mortgage is 3385 and I rent out at 4000/mo.

Knowing this information, should I sell and take 300k(ish) to a bigger multifamily or apartment via 1031 exchange? Or should I hold for another 24years and finance smaller homes on my own savings?

 Should I look into commercials or lots or business's or syndications?

Let me know your guys thoughts.

Thanks!

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