Selling Rental Property Question and Advice!

[Corey Phalen]

Hello Members!

I have a some questions about holding and selling a couple properties I have.  Is it worth it to sell my current properties to pay for schooling out of pocket, as I plan to move to another city about 80 minutes away or hold on to them and rent them out.  The one is a rental, current mortgage is $29K, zillow estimate around $75k-$90K, cash flow around $260/month.  The other is my primary residence, remaining mortgage is $119K, zillow estimate around $125k-$135K, if I rent it out, it would cash flow around $300-$500/month.  These properties are in Lima, Ohio which is an industrial town with an oil refinery, chemical plants, US Military tank plant, ford motors and couple other big businesses.  Trends do show that the population in the county is on a slow decline.  Thanks for anyone who has some advice!

[Brandon Goldsmith]

It all depends on if it is still cash flowing for you and if you think there is any foreseeable appreciation. The goal for a lot of people is to get started in real estate at an entry-level and keep trading up. So If you do consider selling, I would think about reinvesting it into something bigger and better. @Corey Phalen