Updated over 3 years ago on . Most recent reply
Selling coop or renting
Hi
I am new to real estate investing. I own a studio in NYC which I just started renting out. I am currently debating what is my long term strategy for this. I do not need this to cash flow in the immediate future but would like to use equity to continue to invest in real estate assets. I am thinking on 2 strategies:
1. Keep it and rent it out and hold it for appreciation and see if someone will allow me to borrow against the equity (tough since it's a coop but happy for any advice here)
2. Sell it and invest in out of state real estate
I would be grateful for the types of things that you would consider in making this decision. For example, one thing that would be helpful is to know where to get historical data on appreciation of this type of real estate and rental increases.