Help with idea to sell my rental duplex in Costa Mesa

[Richard Chang]

Hi all,

I have a duplex in Costa Mesa Ca area
that i have owned for a long time and now
but I'm only getting about a 3-3.5% return on equity.

I'm not sure I can improve the property better to try to get more rents and i think I should try and get a much better return in out of state investments.

I'm thinking of a 1031 exchange into a portfolio of properties.

What would be some good ( creative ) ideas to sell in such a bad market ?
Finding the proper Realtor etc.

Maybe even trade ?

Your thoughts ?

Thanks to all, Richard C.

[Aaron Mazzrillo]

Sell it and carry the financing. You can charge a very nice down payment and charge an interest rate that makes sense for you. At least you can get a lot more than 3%. Costa Mesa is a good area and there will be lots of investors interested if you are offering financing.

I personally would sell it and 1031 into a few houses out in the inland empire. I am seeing 20-30% returns on may cash invested in working class rental properties out there.