Eager to start multiple BRRR process. Should I sell or rent

[Michael Encoy]

Hello BP Community,

I am eager to get a new deal and one issue that I am currently looking at is my rental in LA County.

Renters are moving out in Nov and and weighing my options to sell or continue to rent it out.

Currently $100 neg cash flow, but aiming to break even after with new tenants.  (Mortgage-$2800).

Loan balance:  $430,000; Comps on recently sold:  $620-630K.

I've owned the property since 2015, but had to move due to military transfer (rented and non owner occupied Jan 2017-Present).

I was wondering if someone can provide me some insight on what to do, sell or continue to rent.  I am not opposed to looking in other markets, even outside of CA. 

Thank you all!!!

-Mike

[Jaron Walling]

Sell. This is no brainer especially if you can meet the 2-5 years rule. You could pay zero capital gains tax. I agree with @David Pere , take that money to another market or find deals when the housing market cools off.