Condo Dilemma: To Sell or Rent?

This chapter explores the considerations of a condo owner deciding whether to sell or rent their property. It emphasizes the importance of financial analysis, personal investment goals, and potential returns, recommending a long-term view for making informed decisions.

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Are you looking to grow your real estate portfolio and build wealth faster? There’s a tax “loophole” that allows you to sell your property and roll your equity (and profits) into a bigger and better rental property—all while deferring thousands of dollars in taxes. Stay tuned to learn how to use a 1031 exchange to your advantage!

Welcome back to another Rookie Reply! Today, Ashley and Tony are answering some of your recent questions from the BiggerPockets Forums. After discussing 1031 exchanges and “like-kind” properties, we’ll help an investor determine if they should sell or rent a property that, despite the potential to bring in decent monthly cash flow, has some costly capital expenditures looming. Next, is it better to stabilize a rental property by making home improvements that help you raise rent or use the same funds to buy another property? We’ll dive into the numbers and show you which option gives you the highest return!

Looking to invest? Need answers? Ask your question here!

In This Episode We Cover:

The tax “loophole” that allows you to defer thousands of dollars in capital gains tax

Building wealth and growing your portfolio with a 1031 exchange

Whether you should rent or sell a property that needs major repairs

When to stabilize your current portfolio versus buying another property

Prioritizing renovations that increase home value and allow you to raise rents

And So Much More!

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Ashley's BiggerPockets Profile

Tony's BiggerPokckets Profile

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