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Updated over 1 year ago,
1031, Rental, or sell it
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.