LOVE IT OR LIST IT?

[Mansoor Fazel]

So I am debating something and I wanted to get the opinion of other real estate investors. I accidently ended up with a rental property last year when I applied for a job in Sacramento, CA and thought I was hired, so I put an offer in on a home ( LONG STORY )  but long story short, I bought the home, didn't get the job, and had to list it as a rental. Now the tenants are really good people, they are very clean and I bet they will be long term tenants.. but that's just my guess. The property is only cash flowing about $100 a month, however, the real estate market in California is going crazy, and the property has apparently appreciated over 65-75K in the past 10 months. There are some people saying we are in the 2.0 bubble and about to burst, something I kind of agree with because in the Bay Area, where I live now, EVERYTHING is over a million! its RIDICULOUS, and cant continue to rise in my opinion. That being said, would you guys...

A. List the property, take the money and run! Maybe reinvest in blue collar markets in the mid-west and get a larger cash flow?

OR

B. Keep the property and hope that it continues to rise over time.

I look forward to hearing everyones opinion. Thanks!

[Dylan Vargas]

@Mansoor Fazel....Take the money and run! Profit is profit. $100/ month is not a lot. If a client flakes on a month of rent you lost your entire year profit. Not to mention the repairs  that may come up. Take the money, figure out your investment strategy and then reinvest.