Should I sell or rent

[Jessica Rosenberg]

Hello everyone, I purchase my first property back in 2015, as of today I have 100k in equity. I am truly interested in investing and need to know what the best move I should make. If I rent the property after mortgage, insurance and HoA, I will still be left with $300 cash flow... My goal is the have multiple properties, own multi-units and hopefully apartment buildings. I’m been a realtor for 5 years and have sold homes here and there while working my full time job. It’s been a week since I left my job of 11 years as a Marketing manager to pursue real estate full time... I’m scared if I take the cash flow and don’t have a plan I will end up using the funds, since I no longer have a paycheck coming every 2 weeks anymore. I also feel like I should sell and buy something small in northern Florida and rent it out... Can anyone give me a suggestion? I have several ideas in mind but have no idea where to start, Im also looking for investor and anyone that would like to invest in Florida. I’m open to a joint venture. I’m trying to cover all aspect in Real estate, next week I’m schedule to take the National MLO exam next week. Trust me I will pass. Can anyone give me a suggestion?

[Cheryl Butler]

$100K Is too much to have wrapped up in a property with no cash flow. Thomas S. is correct that you haven't accounted for maintenance, tax increases, and other variables. And even if you do get $300/month that's not a very good return on your money. I know some investors have a business plan to hold and make money on tax savings, appreciation, and debt reduction, but you said your goal is to have multiple properties, so unless you have a lot of cash I don't see how you could accomplish that without better leverage.