Selling house at a loss - what next?
Hi BP,
I own a property in SF Bay Area and and selling the property at a loss. The rental market has been hurt as you know. And the/my timelines and horizon for return have changed for obvious reasons.
That all said...I am taking a loss in terms of fees, rental income etc. And will be able to recoup some down payment.
My question is...the same question some have asked me...what would you do next given this environment? There are tax benefits/take paper losses , 1031 out of question bc no gains, go to new market, hold cash, buy Bitcoin as hedge against inflation etc etc.
It's an open ended question on purpose because I'm really curious to hear this community thoughts perspective and advice.
Thanks in advance for contributing!