Is today a good time to sell
I own a property in the provo Ut area. Its appreciated quite a bit, and I am currently wondering if its a good time to sell. I have lived it in 2 of the past 5 years so I could avoid capital gains tax and probably walk away with 250k in cash. The issues I see are that its going to be more expensive for me to get back into anything and I don't have a good place to put the money.
I could pay off a few properties and get a more cash flow, or wait to see if there are any better deals popping up. So I guess my question is if you could sell today would you, and what would you do with the cash?
Most Popular Reply
Hey Zach this is the question everyone is asking. I think it all depends on your real estate goals. If you are able to take that $250k tax-free it is worth looking into. You would have to weigh your options and look and see what is the best fit for you. I would advise looking into investing out of state and seeing if you can get into an apartment with a good cash flow or maybe even investing in an LP fund and being hands-off. It all depends on the current cash flow the property has and your end goals. I hope this helps!
Feel free to message me and I would love to talk though different ideas and bounce ideas off each other.
- Jocelyn Kaufman