Sell Property or Continue Renting

[Dan Geffen]

Hello BP,

I own a property in Long Branch, NJ that I purchased for $120,000 in 2018. The property is now worth closer to $190,000 and I am having hard time deciding if I should sell or hold. I am fairly certain over time appreciation will continue, however since taxes have increased the cash flow has gone from $250 a month to $140 a month. The $140 is after I increase the rent in November from $1,375 to $1,425. Since the market has gotten crazy I was thinking it might be a good time to cash in. If I do sell I am concerned I am leaving more appreciation on the table. With the money I receive I plan on reinvesting and growing my portfolio. I know I could always refinance to pull money out, but I think it would create negative cash flow. 

I appreciate any suggestions you can offer!