Sell or Rent my house???

[Jose Miron]

I have a house in Menifee California that I have not lived in for the last 4 months. My mortgage is about $2,200 a month. I can rent it for about $2,000 a month. That would give me a negative cash flow of $300 with a gardener and a pool guy. If I sell it I can cash out about $80k. I know that we become wealthy by owning real estate not selling it. I will truly appreciate everyone’s advise, expertise and experience on what I should do. 

[Patrice Penda]

Hey @Jose Miron
How long have had that property for?
How much did you pay for it? How is it worth now?

In some places like California, New York. It is Ok to be cashflow negative when you have exposure to a superior price appreciation.  It usually beats the returns from cashflows in non-speculative markets.

Hence my questions above.