Should I sell property or keep as a rental?

[Alex Molina]

Hello, 

I have a property that I inherited and fixed up myself. Its worth 300K and the loan amount is $110,000 which would leave about 150K in my pocket if sold. If sold, I plan to use the money to do multiple BRRR's and flips. I'm only cash flowing about $300 a month on this property. What would be a wise decision here?

[Weston O'Dell]

Hey Alex, looks like you are in a great position overall! Really it comes down to where you want to be long term. If your goal is to scale a rental portfolio then I'd say sell the property and start to BRRRR. You could consider a refinance or pulling a HELOC on the property although this would most likely eat up the $300/mos cash flow you have when moving leverage up. I'm all for holding on to assets but having strong liquidity during the BRRRR process really can help make things less stressful. If you were to use fix & flip funding when acquiring future deals, you'll be able to keep a healthy amount of cash in your pocket and do multiple deals at a time. Best of luck and let us know which route you choose to go!