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re: Rental property question
Posted on 1/9/20 at 11:50 am to ulsaint
Posted on 1/9/20 at 11:50 am to ulsaint
quote:
1. Keep renting it?
2. Sell and pay down current mortgage?
3. Sell and invest the $100K+ in the market
4. Sell and buy a new rental property(s) with a higher percentage profit. If this is the winner? Any tips?
I think the question comes does to how much to you want to be involved in real estate.
If you want physical property, cash flow, advantages of tax depreciation, etc. then sure selling the property(or exchanging) and getting a new rental property and adding on from there, may be the best option.
If you are just wanting to diversify your assets with holdings in the real estate markets, then REITs would be where you'd want to look.
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