Sell or Not multi-family

[David Lee]

Hello. We are thinking about selling 4 family house in NJ (owned since 2009 and have about 500k equity in it at the current market price). My husband and I both have full-time jobs and been managing this property on the side somewhat passively (without putting in too much work/raising rents). It has a cash flow of about $800 per month - probably could go up more if it's managed more actively. But we are now wondering if It's better to sell the property as the inventory seems low. And use the proceed to invest in other markets. (thinking about Raleigh, NC). We do want to get into real estate investing more aggressively and think maybe this could be a good time to make the move so we can get properties with more value. But this house has been a good investment for us - easy to rent due to its close proximity to the city, almost zero vacancy - so we are having a hard time making a decision to sell. Would appreciate any advice! Thank you.