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Updated over 7 years ago,
Ridiculous Appreciation!! Should I SELL NOW OR KEEP as RENTAL?
Hi all,
Recently I just realized one of my rental properties had a ridiculous appreciation in just 2 years. I purchased the property "A" in 2015 and in two years my current property has appreciated 100%! The current rent is also 2.5x what I'm paying in P&I. I'm currently don't know what I should do!
I do understand that cash flow is king and appreciation is queen. I'm currently working full time and just bought another a rental property "B" this month and planning to renovate the property "B" this weekend (July 4th). I don't know if I sell the property "A" what's the possibility of me hitting/ finding a property like that again.
If I do sell property "A" I don't know if my DTI will let me buy another property for investment. Buying property "B" this month they used my rental "A" as a source of income as well.
What would you guys do if you guys are in my shoes. I do greatly appreciate all your input.
Thanks,
Jimmy