Should I sell or rent and hold?
I purchased a property in 2013 for $265,000 and leased it out ever since at $2,300. The return rate (without depreciation) is at about 5%. The selling price of the property is at least 325,000 right now. The property is already paid off. I am debating should I just sell the property right now or should I continue to lease out and take out an equity loan to purchase another property with better return? Thank you!