All Forum Posts by: Ed Ma

@Sean Ross  Yes, if outside of CA minimal management.  And yes cash flow needs to be better. Anything, except on the East coast

Yes, loan balance is about 118k @3.5% and property taxes are low due to Prop13.  I'm just worried if I sell it will be a huge tax hit. The 1031 seems like an option.

I'd also have to find a property outside of CA too.

 Thank you, very good points. Something I need to consider/think about too

I thought about doing cash out refi, but my current rate is 3.5%.  If I refi, I'd be closer to 7% or higher

Thanks Joe. Basically, The rent I am getting for a property valued at 1.5 million seems too low. True, if I sell there will be a big tax hit. Looks like 1031 might be an option. Maybe into a NNN

I purchased a SFH back in 1995 for 220,000. Lived in until 2001. Converted it to a rental in 2002. It's been a rental ever since. Renting for $3650. House is valued close to 1.5 million. Should I sell or keep it as rental?