It's a seller's market - Are you going to sell?

[Matt McGuire]

I have a property that cash flows pretty well but all the properties in the area have jumped up in price. This seems like a prime opportunity to sell and move the equity to another market. That is a strategy that David Green describes in his Long Distance Investing book. I'm torn on the decision though. I only have the one rental at the moment so it is providing me the tax benefits, cash flow, and equity growth. Plus I refinanced it in March when rates were falling so that's another wrench. 

It comes back to the question about the golden goose. Do you sell it for a substantial profit and possibly buy 2 or 3 more golden geese? A bird in the hand is worth 2 in the bush. 

My gut says hold it, but I'm curious what you would do. And what are you doing with your rentals?

[Mike Dymski]

The past is irrelevant.  Run the numbers as if you purchased your property today and compare it with other potential acquisitions.  The numbers will speak for themselves.