3 Family Cash Cow with tons of equity: Keep it or sell it?
We've owned a 3 family rental for 10 years. It nets about $15k per year. We owe $113k and it's currently worth $350k-$370k. My wife and I are struggling with deciding to keep it or sell it. I'm a Realtor so the cost of selling is relatively low.
...and if we sell it, then what? 1031 into something else? Future retirement home in Florida(to be used as a rental now)?
Pay the capital gains and put that money back on our HELOC and wait for the next investment opportunity?
please help with ideas and insight from the vast amount of knowledge and experience within this group. Thanks!