Time to sell in California ?

[Kelly Pierce]

I wanted to check in with my local California folks to see how everyone’s feeling about residential investment properties in California right now. I’m feeling like it’s time to sell my two single-family residences and debating how to go about it.

I’m considering buying out of state via 1031 exchange but hearing that people are struggling to find good investments on BP. My goal is more buy & hold but I really have so much to learn as an investor.

I have considered the turnkey option but after some recent reading on here I’m wondering if there are no good buys to be found because potentially the project expenses etc are not accurate. I’m interested in learning about other investments like multi family & passive options but probably am not qualified as I’m not accredited.

Don’t want to but wondering if I need to just sell & pay the capital gains & sit for a bit in the proceeds until the market shifts a bit?

Would love to talk to some investors to toss some ideas around and also network for the future. *want to offer my fellow CA investor clients some options too for their situations.

Also is there a BP specific meet-up in the Sacramento region? I’ve joined Sacramento Wealth Builders recently and attended my first meeting.

Looking forward to connecting! Appreciate your time and consideration.