Keep or Sell Home with a Pool

[Wayne Tsang]

HI All this is my first time posting in the BP forum!

I am moving from my 2-family house to a new single family house in a few months. The house was bought in 2016 for 600K and has appreicated to around 800K (based on Zillow recent sales) .  I am debating whether to rent out the current unit I am living in (that has access to the backyard and pool) or sell the property and reinvest the gains into other projects. The unit I am living in will be rented to a family member who will be paying at the market rate and will not use the pool. The other unit is rented to a very good and responsbile tenent. However, the cash flow is pretty much $0 (before tax). The only upsides I see are depreciation and property appreciation.

I would like to here your thoughts on selling or keeping the property. Thanks!

[Alex Olson]

@Wayne Tsang I would keep your two family home and refinance to pull cash out and buy another investment property. Or, I would sell and 1031 exchange in to a larger complex that you can leverage up for more cash flow. Hope this helps!