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Updated over 6 years ago,
Rental Property or Flip
I have had a rental for about 3 years now. I bought before I knew about bigger pockets.
It costs me about $1500 a month right now and I have made $150,000 in equity. I currently have a tenant in there with a lease till May of 2019. They are great tenants who don’t look to be going anywhere.
Should I flip it and use the equity to eithet buy a Rental that cash flows or hang onto it and finance my flIps?
Curious about the thought of folks here. Cuz others have said I should hang onto it long term, but that doesn’t make sense to me based on what I have learned. What am I missing?