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38
Posts
8
Votes
Mike Stone
8
Votes |
38
Posts

Seeking some Sage Advice.....

Mike Stone
Posted

Hi folks, here's my situation:

I have a 4-plex in CA's Inland Empire. Good Solid Rents. Gavin Newsom's idiocy draws me to want to sell up via a 1031 and move my money to a red state. Problem: I'd probably get $1.2M - $1.4M if I sold on the MLS, it would be tough to get near the same rents in other states with that money.

So.... Do I put up and shut up (and slowly go insane) or sell up and make considerably less than I do now? 

My sanity says "sell," my pocket book says "keep."

Your thoughts? I'm sure many of you have been down this worn road..... 

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