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I really want out of the rental business. When you have good tenants and can keep an eye on your place its not bad. When you move across town and have to work to get the rent - you want out. My focus these days is on spending as much time as I can with my 20 month old daughter.
If I do reinvest to avoid the tax, I think I will go with small single family homes in nicer neighborhoods.
One more question,
Does reinvesting mean all the profits from the sale have to physically go into the 'like' property or can one pocket the cash and fully mortgage the new investment propery?
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Randy
'87 911 Targa
'17 Macan GTS
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