Advice on selling or renting this property- Scottsdale AZ

[Joseph Shipka]

In everyone else’s opinion when would selling outweigh the rental opportunity on a property.

Location- Scottsdale Arizona

Monthly expenses- $2,200

Long term/short term rental comps $4,500-5000+

Equity- $350,000

Would most people sell and use the cash to purchase other properties, or keep it due to the strong market and cash flow for the next few years?

Thanks!

[Joe Vairo]

It really just depends on your goals moving forward. If you are looking to cash flow and have consistent money coming in then by all means keep it and rent it out. However, to sell with that amount of equity could be used to purchase 2 or more properties that could possibly bring in more in monthly cash flow.

Personally I would probably keep it since the markets strong and cash flow over the next couple years.