Should I sell or should I hold?

[Eric Ingersoll]

A few years ago, I bought a single family home in Parker, Colorado. I bought it as a foreclosure and have rented it out for a few years. Since I bought it, it has appreciated significantly and now worth around 500k. I have paid off the mortgage and I rent it out for $2600 a month.

The house is in a great area and attracts good renters. After looking at what its worth vs what I rent it out for. I was thinking about selling it and buying other rental properties elsewhere, where I could get a higher rate of return. One area I have invested in is Wichita, KS where I have a couple of rental properties and I am getting a good return. I have thought about selling the house and buying some more properties there or elsewhere with a better return then I am getting here in Colorado. I would appreciate any thoughts you might have.

Thank You,

Eric