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Updated over 4 years ago,
Sell while high or keep for cash flow.
Hello everyone of the Bigger Pockets community. I wanted to pick your brains as I am a beginner to REI'ing. I currently own my primary home and have house hacked and am generating about $1900 a month from rent. Which is nothing wrong with that, its just as I was taking walks around the neighborhood I noticed other houses are selling around my block for less than compared to what I own and selling for a significant amount of $$$! Now with that said, do you think it is wise for me to sell my home and take about $300k, or should I keep because it is shelter for my family and it generates $1900 a month. I have considered taking $300k and buying another home else where but then again... where am I going to find another place for a reasonable price here in Southern California. Perhaps move out of state and take the difference and invest? But would much rather stay in Socal. I do have savings to start investing but the extra $300k will give me a massive head start. What are your thoughts? Please let me know! Thanks in advance as I appreciate your time!