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Buying & Selling Real Estate

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Brooks Gagnon
  • Realtor
  • Killingly, CT
9
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21
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Take Profits or Keep Holding?

Brooks Gagnon
  • Realtor
  • Killingly, CT
Posted May 24 2023, 05:50

Hey everyone. Looking for some opinions. I have 2 duplexes and a 4 family. Owned them for 7-12 years, all cash flowing really well, and have 3-4x equity in each. I'm trying to decide if I should sell some/all/none. My wife wants to sell while the market is still great, but I'm also concerned that maybe inflation continues, and keeping them would be a good protection against that, not to mention the continued cash flow. And of course, I'm considering the tax consequences of selling, as I'm not sure a 1031 would be too useful with the current market conditions. I appreciate any and all thoughts. Thanks.

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