To Sell or to Hold

[Jonathan Azevedo]

Greetings, I'm new to the BP community but have a question about selling for a profit or holding for long term rental rates. I bought my first rental in 2013. 205k purchase price 215k appraised value at purchase 47k down 1450 rents per month 5% cash on cash return Place is built for long term, low maintenance renting to good tenants. It's appreciated to roughly 240k. My latest deal: 82k purchase price 96k value at purchase 22k down 1150 rents per month 19.5% cash on cash return This latest home is out of state. As a California investor it's tough to find deals like this in Ca. I expect little or no price appreciation for this particular property. My goal is to be able to pay my personal family expenses each month with passive income from real estate. This begs the question: should I take the profits from the first home and buy better deals or ride out the sound (but low cash flow) investment for the long term? What would YOU do :) Thanks BP community