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Updated 2 months ago,
To Sell or not to sell *Looking for Recommendations*
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!