All Forum Posts by: Neil Rafol

@Kenneth McKeown - we only lived there 8 years; great question and thank you

Bought a home as a primary residence in Texas in 2017. In 2018, we relocated for work. Thought we would want to come back and settle down in this Texas home. We have now decided on another route (will not return to Texas).

Our tenant is great and she has asked on more than a few occasions if we would consider selling it to her.

We want to

1) pursue this and avoid realtor fees

2) use a 1031 exchange for a multifamily property with higher returns - we have 90k in equity; mortgage= 200k

Are there any creative arrangements or factors we should consider when proposing a deal to our tenant? Thank you!