Sell or keep rental. No capital gains.
Need advice on my rental in northern LA County. I have a rental that i paid 190,000 in 2015. Now i can sell for about 270,000. I owe about 170,000. I will not pay capital gain taxes, as i lived in it recently. I would sell and hold the money for the next downturn or pay off my current live in home mortgage. And start saving for the next downturn to invest in more properties. I have about 15 years to retirement, and i am looking to have 2 or 3 homes paid off when i retire. I get about 300 extra from rent that i send back to the home to pay off faster (cut the loan by about 9 years.). Should i sell or keep renting it?