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re: To sell or not to sell commercial property?
Posted on 1/27/24 at 6:10 pm to Mohican
Posted on 1/27/24 at 6:10 pm to Mohican
What’s your worst case scenario? You realize you will get a new loan with much higher interest right? Will you be able to afford that?
I’d talk to a commercial rental agent and see what they say and see if you can afford to keep it.
Your other option is to 1031 the sale into a new property that you CAN afford. Sometimes a bird in hand…
I’d talk to a commercial rental agent and see what they say and see if you can afford to keep it.
Your other option is to 1031 the sale into a new property that you CAN afford. Sometimes a bird in hand…
1
Posted on 1/27/24 at 6:45 pm to baldona
Same as above, do you need the $$$ now? Have you advertised it? 1031 Exchange, long term personal goals?
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