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Updated over 1 year ago, 05/16/2023
Sell or hold?
Hi everyone!
I am fairly new to real estate investing, even though my husband and I do own 2 homes, one of which is currently leased, but wanting to get involved and I have some questions. We are constantly getting phone calls on our home in Arizona (currently leased), but we are unsure if we should even sell it at this time since our cash flow is currently - $400 a month and we want to grow in this industry. To us, selling it may push us further away, but maybe it could provide an opportunity to grow! The house is a fairly new build with solar panels, water filtration, and all the things we believe our renters love. Our interest on the house is also very low (purchased in 2020) and we would not be able to find that interest rate anytime soon.
My question is, should we sell or hold? What kind of strategies should we be focusing on? What risks could possibly be involved if we sell? Again, fairly new to investing and honestly just trying to get involved to understand what others think and grow in this amazing network!
Thank you for your time!
-Bre