Option 1: Keep the home and rent it and cash flow about $2,000 per month while it appreciates.Option 2: Sell the home and cash out.Option 3: 1031 exchange the home into 4-6 units in Knoxville which would be about the same value.More info: Riverside as you all know is a great appreciating market but not landlord-friendly being in CA. 

I wanted to share some insights on the Memphis real estate market for July 2024.

@Jenna MeditzThere are MANY new options on the market, RentRedi, TenantCloud, Apartments.com, Hemlane, Rentec.

@Brenda FreemanI think seller finance can make sense when you can get an at or above market price; you don't need the proceeds; you want the monthly income; and delaying the proceeds will make sense from a tax perspective.If you are saying there's an existing mortgage you would have to pay off yourself, then I don't think that makes any sense - why would you want to invest your own cash to make this work?

After Fort Worth and before Austin, the other two cities in the top 5 were Phoenix, Arizona (No. 3) and Sacramento, California (No. 4).Other Texas cities in the top 25 best large economic boomtowns were El Paso (No. 16) and San Antonio (No. 23).We've seen major growth in the Sacramento real estate market.

When I saw Antoine Martel from FlipSystem Posting Advertisement on social media like this:"You only need $10K ~ $30K to invest in RealEsate doing Flipping and make 100% ROI in 4 months""My clients in FlipSystem averagely spend 4 hours in managing each Flip Project""We help you to quite your JOB in couple of months by doing Flipping""We have few hundreds of success happy client - (Actually there might be few hundreds of clients losing their hard working money)"And lots of other advertisement stating: "Easy, Fast, Low RISK" in their programI thought: "Wow, doing Flipping is so easy and profitable and low-bar to enter in, I should join their program and start make money!"

You got me excited.I thought it was in Toledo, Ohio lolWong market mate.Might as well be in Toledo in Spain haha

The house has been on the market but traffic is slow - not sure if this is due to the current environment or something specific I should address within my listing (we've already adjusted the price). 

Quote from @Maggie Hamill: I believe the earliest date you can use is the day it was marketed as available, but I'm not an expert.

Given the high interest rates and the need for additional cash, it might be better to wait until market conditions improve.