Should I sell or rent?

[Brandon Williams]

On my second home purchase currently. My first home I was able to purchase for $120k plus $30k added to the renovation loan, so all in for $150. Ended up selling 3 years later for $255k.

Took the profits to dump into another renovation project.. this one was a purchase price of $210k with approximately $50k when it’s all said and done in renovation costs. We’re one year later, and Comps are showing up in the low $300k range.

My question is maybe not quite so simple with that much of a foundation, but let’s give it a shot. Do I keep the buy and live in renovation house game going, or begin holding as a rental as a part of the Monopoly game of collecting as many rentals as possible?

With that, is there a better price point or property type for that matter to begin the rental game?

Thanks in advance for the feedback!

Cheers

Brandon