Hi, all! Hoping to get some input from people who are wiser than I am! I currently own one investment property, which was just a home where I used to live that turned into a furnished rental when I got married and moved to another state. Not a BRRRR property. Cash flow is good for now and it's in a growing area where property values have grown exponentially the past few years, but I don't plan on returning to that area and have not had good, consistent property management in place since it's furnished, so it's been a little hard to manage from a distance (though not terrible, still definitely doable).

I am trying to decide what is better worth my investment. Keep the property since I already have it, cash flow is decent, and property value is rising well? Or sell it and place the returned money (roughly 40k right now after realtor commission, etc. is paid - and that is a 25k profit from what I put into the house) into a BRRRR to get that started now?

It doesn't sound like refinancing would be my best option since I've only had the house for 1.5 years. After closing costs and only getting 70-80% on the refinance, I just don't think it would further my goals at this point. I am open to this option or another option if it would potentially be worth it. If this were the case, though, I would probably convert my house to more of a standard long-term rental and go through the process of getting rid of furniture, etc. (note: this would reduce cash flow).

I very much want to start BRRRRing. It sounds like if I sell this property, I would have a good amount to invest in my first BRRRR property (with less need for other financing), which would ultimately turn into more properties and...well, you guys know the rest.

But what are your thoughts? Get rid of that house and put the money into BRRRR so I can get that movement started now instead of waiting until I get more funds or can find financing? Or do you have other opinions?

Thank you in advance!!

Sorry for the long post!