Keep, sell or 1031???
I have 2 properties I'm thinking about either selling, keeping or doing a 1031 into a better performing property. One is worth about 300k, with 100k owed. The next is worth about 200k with about 35k owed. After selling costs I will have roughly 330-350k in equity. Property A (300k) rents for $1550. Property B (200k) rents for $1125. I know these are very rough numbers but from a back of the napkin approach I would do better to move this equity somewhere else, right? I think I'm emotionally tied to them because I've had them for so long.
I've been reading that it's very hard or impossible to reach the 2% rule these days and even getting 1% is difficult. I'm only at 0.535% which seems very low. What are you guys getting these days in regard to the 2% rule?