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Updated almost 5 years ago, 01/06/2020

User Stats

41
Posts
17
Votes
Lisa Maturo
  • Investor
  • Tempe, AZ
17
Votes |
41
Posts

Whether to sell, re-rent, or do Airbnb with a rental house

Lisa Maturo
  • Investor
  • Tempe, AZ
Posted

I own a rental 3br 2ba rental income home in Tempe AZ and I'm

considering scenarios after my renter just gave 30 days notice.

Can I do a 1031 exchange on a rental? Also, do I have to live there for two years

in order to avoid capital gains? Considering a move back into it to fix

it up and then sell for more $$ in couple years.

It's been a while  since I've looked into these scenarios (I own 3 properties that I just

buy and hold/rent out) as I'm not that active of an RE investor. Trying

to avoid capital gains and do what makes most financial sense. I could

re-rent it of course, also thought about doing Airbnb for Spring

Training and snowbird season. So many options my head is spinning.

Anyone know of a good RE Tax accountant, RE agent or RE attorney I could talk to

for running these different numbers and scenarios?  I don't want to be talked into

selling by an eager RE agent looking for commission, so I'm hesitant to look for advice from agents

I am worried they might be biased toward selling. Thanks for the help!!!

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