Updated over 4 years ago on . Most recent reply
Buy over priced Sfh now or wait
I have a Sfh under contract to sell which I bought 10 years ago in C neighborhood. After purchase and 2 rehabs, roof and a/c. I will end up with about 50% appreciation.
Question is do I do a 1031 exchange with low inventory or pay about $8000 in capital gains. Or wait for the foreclosures to come in the next 4-10 months with cheaper home prices.
In other words pay taxes now get better prices or HOPE I get lucky and find 3 B+ home in 45 days that are reasonable priced. Thanks