Updated over 8 years ago on . Most recent reply
Keep CA SFR or sell and 1031?
As I understand it, we are probably near the peak of housing prices and are due for a correction. Given that strong possibility, should we sell our SFR and 1031 exchange it for cash flowing turnkey properties out of state? Details: Purchased in 2011 for $143K, out of pocket expenses of $66K, refinanced last year, currently owe $200, appraised value of @$300K. Any thoughts? I want to hold indefinitely, but my husband thinks we should get out while the getting is good.