When to sell - How many years of cash flow?

[Brie Schmidt]

I know REI decisions are personal, I preach it all the time. I purchased the bulk of my portfolio between 2011 - 2014 and since then the properties have appreciated. So while the properties are performing from a cash flow perspective my return on equity is not great.

I am looking at my profit (after fees and capital contribution) VS the average cash flow over the last 3 years. So my question is when do you sell? If I can sell and profit 5 years of cash flow is that enough? Less? More? WWYD?

Example - I bought a property for $100k with a NOI of 9k and annual cash flow of $5k and after closing costs my net will be $125k

I am going to tag some of my smarter REI friends for advice @Chris Clothier @Brian Burke @Brandon Turner @Ben Leybovich @Jay Hinrichs