Should I sell my two single-family homes?

[Michael DeAquino]

I could use some advice. I own two single-family investment properties. If I sold both of them I could potentially walk away with 200K. I’m not sure if I should just hold, let it appreciate and let the renters pay down the loan or if I should sell and move to a multi unit situation.

Any input would be appreciated!

[James Thiel]

@Channing Brand Do you need the money? If the answer is absolutely yes, then consider selling. If no, then I’d say do a 1031 exchange to something else, or better yet just keep letting renters pay it down until you own free and clear. That can be future retirement income. If you never sell, you never pay taxes 😁