bougnt 5plex 375k , should I sell for $450k if $600 positive CASH

[Jason Graves]

Quick flip w $75k profit or keep $600 month positive CashFlow ? Street car complete in 3.5 yrs great location...in KS MO

[Joel Florek]

@Jason Graves Always a good debate when this conversation comes up. While I am tempted at times to sell certain properties, my goal from day one has been to build my net worth and live a great lifestyle along the way. With that said cash flow is one piece, and principal reduction on payments is another. Take a look at your financing package and understand what your total annual increase in net worth is. That gives you a much better idea of the risk/reward/hassle relationship. 

What are your net worth goals? Is this property a good long-term hold to get you tangibly in the direction you want to go or should you sell and buy into something bigger or different? 

Deals are always the restriction on peoples ability to scale their portfolios. You can't force good deals. With that said if you sell a deal, you are forcing yourself into finding another one. On the flip side, if you hold, you may be able to pull some equity to go buy something to add and build up a portfolio. 

Keep in mind, I have steered clear of doing flips and have focused only on buy and hold. I love getting a property to its sweet spot, build out systems and get a chance to sit back and spend any day I want hiking, sailing or hitting the beach with my family. I only have a need to chase a new deal when I want to add to my lifestyle. As long as I am happy with where I am today, holding will never make my life worse and only increase long-term prospects for a comfortable life.