1031 exchange? Sell triplex after only 6 months of owning it?
We purchased our triplex in April of this year for $260,000, we put $41,000 into it for the remodel. Our plan was to live in one unit (house hack) for 2-3 years and then rent out all three units for the cash flow after that. We were just called by an investor who would potentially offer us $375,000. 1) Should we sell it for that much? Or more? 2) If we sell it, what are our options to not pay capital gains? Would we be able to pay ourselves back for the $41,000 we invested into it if we did something like 1031 exchange? 4) Any other comments/suggestions??