Sell and Reinvest or Hold Long Term?

[Jake Thompson]

Hi all, question about what to do with current property. I’ve got a duplex that cash flows about $1,000/mo. I could potentially sell it and walk away with about $40k in cash after realtor fees, taxes, and paying off loan. If I sold I’d be looking to implement BRRRR strategy so I’d be able to pull the capital back out. If successful I could buy many properties with that same capital. But the risk is giving up my solid cash flowing property. The other issue is I recently moved out of state and am working on getting another job. Because of this I’m depleting my savings and won’t be able to qualify for loan. I figure I could flip a house or 2 in the meantime until I get started in my new job. If not, I can keep the current rental for the income and then save up capital once I start working again. Thanks in advance, and let me know if I can provide any clarifying info.

[William B.]

@Jake Thompson all I see is a choice between 1k per month or 40k in hand to start over with. I would take ownership of a 1K cash flowing property over 40k all day every day forever.