Should I hold or sell

[Sheena Varghese]

Hello,

I have been weighing the pros and cons of selling in regards to a multifamily I own in FL.  It is about 100 years old, has had termite issues but currently it's fine and bonded.  It brings in about $1,500 in profit after all expenses are paid.  I just don't think it will appreciate a whole lot more than it is currently but the rents could go up in the future. I bought it distressed and put over $100k into it.  I am just looking to make even if I sell but it does cash flow well.  I wanted to sell based on how old this property is and that it won't appreciate much more.  Not sure if I should hold it and sell it.   Any insight will be much appreciated! Thanks you!

[Bob Okenwa]

For $1500 cash flow a month, you can sell it to me right now lol. On serious note, what are your motivations to sell besides the property being old? Is it falling apart? Are the tenants a headache? Do you plan to roll the money into a better property? Not every property in every city will appreciate greatly over time. On the surface, it doesn't seem to make much sense to sell just to break even unless you had something better lined up or a 1031 exchange on the horizon.