Considering selling in Raleigh

[Matthew Murray]

Hi All,

I am a young investor, 23 years old. I have a property in southwest raleigh, the property is in the Lake Park community and the address is 1220 University ct. I am looking for advice on whether I should sell or not.

As a quick background, it is a 4 bed room, 4 bathroom condo and produces about 1200 a month in cashflow. However, I spend a lot of time managing it as I am renting out by the room and the tenant profile is lower income. That creates a lot of work for me, especially because real estate is not my full time job.

I am considering selling because currently I have about 125k in equity, and at my age, that capital would be amazing to have and I could use it to buy more properties that align more with my goals (ie not spending as much time managing). In addition, it would give me a cushion.

I am debating whether selling is a good option or if there are better paths I could take.

Thanks In advance and please ask for more info if it is needed!