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Updated over 4 years ago, 06/03/2020
Covid/Family Emergency Money
Trying to help close family member who needs surgery and months' off at this very shaky time. The most likely candidate seems to be somehow pulling money out of a SoCal condo with the tenant now staying past the end of an 18-month lease and on an month-to-month, at least for another couple of months. It's positively cash flowing. We only owe $90k on it, and it's worth in the low $400s. As I recall, the mortgage was at 3.25%. We'd hopefully only need $20k. We had planned to do a 1031 on it (beautiful area, but the HOA keeps rising), but the situation obviously has changed because of the coronavirus. Any suggestions? Thanks.