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Updated over 4 years ago on . Most recent reply

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5
Posts
3
Votes
Michael Valdez
  • Rental Property Investor
  • Oak Hills, CA
3
Votes |
5
Posts

Should i sell by rental property and pay down my primary resi

Michael Valdez
  • Rental Property Investor
  • Oak Hills, CA
Posted

Not sure what to do. Should I sell and pay my primary residence or 2what should be my next move ??

My rental :

Appraised at $495,000

Owe $214,000

Rents now for $1800.00

Expenses : management, landscaping and pest control $$200 a month

892 sqft in zip code 91702

Pros : 30 minutes from work

Cons : too tiny for our family of 5

My primary :

Appraised at $515,000

Owe $356,000

Possibly can rent for $2700

Expenses : solar p $156,

pmgmt $150 maintenance $200

2700 sqft in 92344

Pros :large

Most Popular Reply

User Stats

207
Posts
267
Votes
Johnny Quilenderino
  • Real Estate Agent
  • Slidell, LA
267
Votes |
207
Posts
Johnny Quilenderino
  • Real Estate Agent
  • Slidell, LA
Replied

Have you thought about a 1031 tax exchange? Duplex or something else?

  • Johnny Quilenderino
  • Loading replies...