Should I sell and exchange my apartments?

[Account Closed]

My building is 47 unit. I paid 2.25m 12 years ago. Mortgage is 1.4m. Income is 324k

Do I ::

1- Keep it?

2- exchange and take 1.5 equity to put down on building in 4m range? (24%down)

3- exchange and put 1.5 into NNN (49% down)

Let’s discuss what’s your instincts?

[Scott Mac]

Hi Scott,

4 - Maybe pay it off and live off the monthly income (take the lender out of the equation).

Good Luck!