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Updated 11 months ago on . Most recent reply

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Ed Ma
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Should I sell rental

Ed Ma
Posted

I purchased a SFH back in 1995 for 220,000. Lived in until 2001. Converted it to a rental in 2002. It's been a rental ever since. Renting for $3650. House is valued close to 1.5 million. Should I sell or keep it as rental?

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Joe Homs
  • Flipper
  • Mission Viejo, CA
1,112
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Joe Homs
  • Flipper
  • Mission Viejo, CA
Replied

@Ed Ma what is the reason to sell?  If you sell there will be a large capital gains tax due.  If you do a 1031 exchange into another investment you can avoid that.  So back to the question, What is the motivation to sell?

Good Investing...

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