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Sell now off market or wait 10 months?
Hey BP - we have a SFH that has been a LT rental (only 2yrs) but with same tenants, who are asking if we'd be willing to sell off market, in the next 90 days.
Their current lease extends to April 2025, which at that point we were planning on selling.
Why sell in the first place? ROE is so low (.6%) that at this point in our RE journey, we believe our $$ can do more for us elsewhere and we still sit within Sec121 exclusion to avoid some CG tax.
Any strong positions to waiting? Moving forward? Things we should look out for, lobby for, strategize on?
Thanks!
Alex