To Gamble or not to Gamble?
I'm wanting to invest in real estate more, but I am short on cash/liquid assets. I currently have a rental property in the San Fernando Valley that's valued at approximately 310k (maybe a bit more) with about 210k loan against it. It's pulling about 2600/mo before expenses.
With this back story, I don't know if I should sell the property and invest elsewhere with the profits after repaying the loan. I could feasibly use this money for flipping or buying cheaper rentals in Stockton, Las Vegas, or Palmdale/Lancaster. Or should I just hold this property and hope to find other sources for a down payment (or pray for seller financing)?
Anything else I should consider when weighing my options?