To Sell or Not to Sell

[Layne T.]

Curious as to opinions on this situation, there may not be a 'right' answer but sometimes others' thoughts help open up new ways of thinking.

-Own a rental in Miami/Ft. Laud area
-Cash flow is minimal, $300 a month
-Selling now would allow opening up of equity to redeploy in another market with over 2x the cash flow for a new build
-New market won't appreciate as much as FL though (not even close)
-Current home will likely get hit with higher taxes, insurance etc. in coming year and years to come
-Biggest reason to consider just keeping current property? FL appreciation - property is still fairly newish and don't want to miss out on potentially solid capital appreciation in next 5-10 years - assuming that happens
-Other caveat is ability to sell in coming few months without paying any capital gains taxes, which will not always be the case

There is no crystal ball, Appreciation is/was the goal but who knows if that will happen and at what rate realistically with increasing costs of ownership here. What else would you consider before making this keep/sell decision?

Thanks - 

[Theresa Harris]

While cash flow is $300 a month (which isn't bad as I assume it has a mortgage), where you will make your money is when you sell through appreciation. You don't have any large expenses coming as up as it newer and if you invested the money else where you'd get a lower return.

The big thing is the fact that if you sell in the next few months, you'd save on capital gains. Depending on how much that is, that could be huge.  Figure out how much you'd pay in cap gains if you sold in 5 years vs selling now and buying elsewhere.  Leave future appreciation out of the equation as you don't know what that would look like.

[Joe Villeneuve]

You do realize you answered your own question, right.

[Matthew Paul]

There will be a bunch of people looking for housing in Florida due to the hurricane