To sell or not to sell.

[Tim Marquess]

I have been wrestling with whether now is a good time to sell my rental house. I lived in the house for 10 years and recently bought a second house that I moved into. I am currently renting the other house out and it has a studio apt. I have been getting about $1650 a month cash flow after paying the mortgage on that property. I have it for sale but at a price that is probably too high because part of me is happy basically not paying any money for mortgage. My second house payment $1800, so first house cash flow pays for second house almost. I owe 280,000 for first house and think I could get close to 600k for it. With all the possibly of another downturn talk that maybe worst than the last been thinking having 250k or more would be great to have when houses are cheaper again. I almost lost the first house during the last downturn and don't want to relive that. Anybody hearing about another crash coming in real estate? Is it better to get out now or hope rental market still good during the next crash.