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All Forum Posts by: Willie Cedillo

Willie Cedillo has started 6 posts and replied 32 times.

Post: Timing on a Rental I want to sell.

Willie CedilloPosted
  • Real Estate Agent
  • San Antonio, TX
  • Posts 33
  • Votes 6

@Danielle Perrone thank you. Would you happen to know if a lease would be different month to month or can I simply use the same paperwork and the terms is month to month?

Thank you so much for your response.

Post: Timing on a Rental I want to sell.

Willie CedilloPosted
  • Real Estate Agent
  • San Antonio, TX
  • Posts 33
  • Votes 6

Hi everyone, here's my situation.

My wife and I have a condo we're looking to sell. We live in Houston and the Condo is in San Antonio. We have it rented until the end of February 2020. I am going to use the condo to start bigger real estate investments but I want to get the timing right. Should I allow the tenant to sign another year and then sell the condo or should I let him walk when the lease is up so the condo would be empty upon selling? I am also looking to do a 1031 exchange hopefully into a multifamily. I wouldn't know if there are any other hoops to jump through in this case. 

I am also getting my real estate license since I've been immersed with the idea of finding wealth through real estate so if there are any suggestions to how to list my own property they would be welcomed. 

Thank you

Willie