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Home Selling in 90021 : Real Estate Advice

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Neal  Grusky, Real Estate Pro in Los Angeles, CA
Mon Jan 31, 2011
Neal Grusky answered:
HI Peartree07
Here's my opinion. I would only say to sell if you were going to invest in a bigger place to live. Perhaps a house, apt building etc or ?? something else. Now is the time to make that move if, and take your profit. There is nothing EVER wrong with taking profit off the table. If you do it right, you can do a 1031 tax exchange, and not pay any taxes on your deal. In th elong run you just keep rolling your profit on your properties into the next. Therefore avoiding any tax penalties.This is one of the basic principles of being sucessful in real estate
Call me anytime and lets discuss your options!
Best of luck to you!
Take care
Neal http://www.nealgrusky.com
310 266-1217
DRE# 01890580
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