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52
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67
Votes
Zach Cummins
Pro Member
  • Real Estate Agent
  • Carlsbad, CA
67
Votes |
52
Posts

Eviction bans could be the destruction of the real estate bubble

Zach Cummins
Pro Member
  • Real Estate Agent
  • Carlsbad, CA
Posted Jan 23 2021, 08:05

I am finding that the longer the eviction ban in California is postponed, the more we are willing to sell our rental property and invest out of state. Our tenants are both in the service and hospitality industry. This is simply not sustainable anymore as an investment.

Notes:

Hot market

High equity

My thoughts:

The rental property has plenty of equity, sell it, give the tenants cash for keys and 1031 exchange to invest elsewhere.

I just need more opinions! What would you do?!

Engel & Volkers Carlsbad Logo

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