Sell my property and make 70k or rent and make 700 a month

[Mike Kedziora]

been on before asking this but my profit from my house has gone way up. My property can make me around 70k profit right now if I sell but also can make me about 700 a month from renting. I have a place to go live with my buddy for 300 dollars a month rent. What you guys/girls do if you were me. I wanted to take my profits and possibly buy one or two rentals 

[John Hamilton]

I take the approach of long term holdings. Wealth tends to favor the patient. Especially with it cash flowing $700/month while your tenants continue to pay down your mortgage. Also, I don't know your particular market but rents tend to increase over time, potentially increasing the amount of cashflow. If you do come across an investment opportunity you could even cash out re-finance and have access to some of the equity in your home (granted that would raise your current monthly payment). Obviously take everything you read on public forums with a grain of salt and make the best decision for you, but this is what I would do.