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Updated over 5 years ago,
Hold or sell? Looking for advice
I have a home in the Shavano Park area of San Antonio I am ready to refinance and cash out for my first BRRR. My dilemma is with loan terms I will be cash flowing $50 a month whereas if I sold it I could profit $30,000 or more. In hindsight I didn't negotiate a low enough price. This area of San Antonio is expected to continue to increase in value but is it worth it to hold it or do I just sell and move on and do better next time? Listening to the Cash Flow vs. Appreciation podcast it seems in the beginning cash flow can be more important than appreciation. I only have two other rentals at this time. I'm leaning towards selling. Thanks!