Rent or Sell

[Bhavesh Gajjar]

Hi David and other members,

Thank you so much for what you have done to bring a wealth of knowledge. I have enjoyed listening to your podcast. I have learned a lot over a last few months. I have a question about my property. 

I have recently moved out to a different state. I have a paid off condo which was my primary residence for 4 years. I have bought another start up home in my new location. This condo is paid off and worth close to 400,000. Area is growing and has good rental market. My primary income comes from W2 and my wife is going to manage our rental properties. 

Should I rent it? 

Should I get HELOC and buy a few more properties?

Should I sell it and buy more rental properties? 

Please advise. Your help is highly appreciated. 

BG