Continue to rent out or sell

[Rhett Miller]

I have a house that I lived in for 10 years. Over the past year we built a house, moved and started renting out the old house. Currently cash flow is $200/ mo. I’m currently looking into a refinance that would increase cash-flow to $400. The refi would be a 60% loan to value, or I could potentially sell with $50-60k in equity.

What are y’all’s thoughts on keeping or selling ?

[Jaron Walling]

@Rhett Miller That's a good question but it's market depend. Do you see upside in holding long term? Do you enjoy being a landlord? If the answer is YES to both I'd keep it, maintain it, and continue to rent to quality tenants. There are tax benefits keeping it as a rental. Another question is how far does $60K get you on next deal? In my market you could nearly BRRRR in C/C+ class neighborhoods with that money.

Either way you're in a great spot and cash-flowing positive! No need for a quick decision.