Buying & Selling Real Estate Discussion

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Daniel Bradley
  • Rental Property Investor
  • Brea, CA
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To Sell or Not To Sell

Daniel Bradley
  • Rental Property Investor
  • Brea, CA
Posted Aug 23 2019, 10:54

I own a 1BD/1Bth rental condo in Southern CA that I am breaking even CF on because I took cash out on a refi to buy my primary residence. I owe $159k and estimated value is $250k, so still some equity left.

I'm wondering with the impending economic downturn, and since I'm no longer cash flowing, should I sell and get the remainder of the equity then 1031 into another turnkey or BRRRR property(ies) in state or out??

Also current lease is till March 2020, so if I do sell, what do I do with my Tenants?

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