Keep or Sell Mountain View 1BR 1 BA

[Avery Lanman]

Hey guys, 

I currently have a 2.8% mortgage 30 year fixed on a 1 br 1 ba property that i purchased in 2015 for 505k in Mountain View CA right by google...current estimates show i can sell this for about 650-700. I am getting pulled in two directions one to sell and one to keep... what are your thoughts? In general would love to upgrade my investment property game with something giving me more passive income. I am breaking even at the moment. Here are the details: 

Rent: 2600

Mortgage & Hoa cost (1400+500) = 2100 

Total Annaul property tax cost= 6800 

[Frank Wong]

Hi Avery,

It really depends on what your goals are. More cash flow you will need to sell appreciation keep and hold.  In the Bay Area, cash flow is tough unless you are putting 50% down.  It's more of an appreciation game.

So if you decide you want more cash each month I think you need to decide where you would invest.  Once you have that option it will make this scenario more realistic. 

Me personally I like cash flow.  I like seeing real life money come into my checking account each month.  That's my investment style. Appreciation is great but its fantasy money until you finally sell.  No right or wrong here but you need to define whats most important to you.