All Forum Posts by: Daniel Bradley

@Dave Foster thanks Dave, that’s what I was thinking with the 1031. I guess I just have some unfounded reluctance to sell but it seems more like I should to accomplish my goals.

@Dave Foster I'm definitely cash flow first appreciation second. I think this property is at around it's peak of appreciation and I'm thinking I can take the funds and put a down payment on a SFR that has more options and upwards appreciation value

I own a 1BD/1Bth rental condo in Southern CA that I am breaking even CF on because I took cash out on a refi to buy my primary residence. I owe $159k and estimated value is $250k, so still some equity left.

I'm wondering with the impending economic downturn, and since I'm no longer cash flowing, should I sell and get the remainder of the equity then 1031 into another turnkey or BRRRR property(ies) in state or out??

Also current lease is till March 2020, so if I do sell, what do I do with my Tenants?

@Frank Patalano

I live in So. CA. Have 1 rental here now, and looking to buy another. Have a decent amount saved, which puts me in the $200k under range to do 20% down on a conventional. I’m finding some decent deals in Texas on SFRs, that will cash flow $300-$500 monthly but my fear is the distance.

Wondering what the biggest challenge is during escrow and there after. Property management?

Guess I should just leap but not sure....