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Updated almost 2 years ago on . Most recent reply

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Alysa Has
  • Member since Apr 1, 2023
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Alysa Has's profile image
Alysa Has's profile image
Alysa Has
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Alysa Has
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General Landlording & Rental Properties

1031, Rental, or sell it

Alysa Has
Posted

Hello everyone, I am new here, but I have been following A Biggerpockets for a long time. 

I have a question. My husband and I have a rental property, but the cash flow is negative. I have my LLC and want to transfer to LLC and use 1031 for another property.

The rental property has HOA and it doesn't allow short rental leasing. My question is, should I leave it alone and continue to use as a long-term rental, or do 1031 under my company or sell it? I hope it makes sense.

Thank you.

Los Angeles County, California
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