Sell or continue to buy homes

[Matt Hietbrink]

I have a single family home that is an  investment property. Our tenants are going to be moving out in a month and I am trying to figure out what my next step should be. 

1. Continue to lease out the property and hold as the home is paid off. 

2. Sell the property and buy a duplex  of equal value where I can hopefully make significantly more in rental income. 

3. Keep our existing property and look into financing tools like a HELOC to pull money out of my existing property and invest in another rental property.

4. Any strategy that I may not be thinking of? 

Thanks for your help.

[Steve Vaughan]

This is a very personal decision. It at least was for me.

As my 3 least favorite rental houses became vacant, I sold them 1 by 1 since the summer of '16.

They had done their duty and so had I.  The market was good for sellers. I had a plan for the proceeds, keeping tax implications in mind.  

Nobody can answer for you whether you should sell or keep the status quo.  When you close your eyes and think of this house, what comes to mind?  Roses and rainbows?  Hate and discontent?  My thoughts were leaning to the latter, so I sold.