Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 6 years ago,

User Stats

1
Posts
0
Votes
Ross Moffitt
  • Investor
  • Nashville, TN
0
Votes |
1
Posts

House Selling Dilemma

Ross Moffitt
  • Investor
  • Nashville, TN
Posted

Hey everyone, 

Looking to get some advice. I currently own a rental property that has never really created any actual cash flow. However it has increased in value quite a bit over the past few years. I bought it at 160k and now my agent is saying I could probably sell it for 250k. My question is two fold. 1. Should I sell and through a 1031 exchange reinvest the money in another rental I have almost paying off the mortgage which would cash flow about 2k a month. That house currently cash flows about 900 a month. Can a 1031 be used like that? 2. Should I keep it since the equity is likely to grow and continue to not make much money off it month to month? And try to pay both houses off in the next ten or so years? 

Help! 

Loading replies...