All Forum Posts by: Rong Liu

- You have yourself in a good equity position
- I will let he 1031 pros come in and advise on that but you should be able to turn your money around quick to a new unit. Can always but "contingent on seller finding yada yada" until you find a suitable multi
- Definitely go multi unit
- Pick a good area like north park or beach areas
- Rent out all units but keep one unit for Airbnb rental
- Bit more hassle but in the buy and hold SD market ever bit helps.

Or take money out of state.

Let me know info can assist you in any way!

Thanks so much,
Ryan Woods

@Ryan Woods

Could you please shred more lights on "Rent out all units but keep one unit for Airbnb rental"?

Why keeping one unit as Airbnb is better than renting all of them?

Thanks a lot!!!

Rose

0 Votes

Hi, Everyone,

This is my first post here, please advise if I should sell now or keep renting.

My rental townhouse is in south San Jose. I lived there for 5 years before I rented it out. Now it is about 2.5 years after I moved out. I bought it for $280k, and currently it's worth $520k, and monthly rent is about $3200-3300. I have $180k mortgage left, it is on the 4th year of the 15yr term, with a fixed interest rate 2.5%. My monthly PITIH is about $2200 and I manage it myself as it is not far from me.

If I sell it now, I can take advantage of capital gain tax free allowance, and get ~$300k cash in hand. I don't know where to invest it though.

Or, just keep renting it out, and in 10 years it will be paid off and generate me $2500-3000/month cash.

Any suggestions please?

Best regards,

Rose

0 Votes

All Forum Posts by: Rong Liu

Rong Liu has started 6 posts and replied 22 times.

Post: Need bigger pockets helps

Post: Should I sell it or continually rent it?