Should I sell my current rentals and invest elsewhere?

[Evangeline O'Dowd]

My current residential rentals have increased a lot in value. If I bought a similar property in my area for today’s price, it would never pass the 1% rule. So I’m wondering if I should sell some or all of these, do a 1031 exchange and invest in a different area where the price and rent are more in line with the 1% rule. I’d appreciate any advice! Thanks.

[Bill B.]

Is there another area near you that you know as well as you’re current location or an oos location where you absolutely trust the team that would run it for you that has a much better return? If not, no, not ever, forgetting the 10% costs of swapping properties, you have built in advantages to a neighborhood and property you live near and know already.