Should I sell or rent?

[John Granich]

Hi Everyone, 

I am new to the Bigger Pockets Forum and looking for some advice. I bought a condo back in 2014 and will be moving out in the next few months. My thought process was always that I would rent my place once I left, since I should be able to cash flow $600-$700/ month. A work colleague (who has now become my business partner) and I have dove head first into real estate investing and are finally ready to make our first purchase. I am now thinking about possibly selling my condo since the area in which I live has appreciated quite greatly, and I have enough equity that if I did sell, I would have close to 100k in the bank.  Having this capital would allow me to invest in larger and more profitable deals in the near future. Should I rent the condo and collect the cashflow for the next 25 years, or sell and have more money to really jumpstart my investment journey? Thanks!

[John Granich]

Hi Lawrence, thanks so much for the reply! Yes, your recommendation definitely helps! I think I am going to rent my place and reassess later down the road. Thanks again!