Looking for advice on what to do with a rental property
Hello everybody,
I hope everybody is doing well. I'm not sure what I want to do with my property. I bought a condo in Union City, CA in May 2017, so it's roughly about a year. As the market has increased so high since last year, I'm considering to sell it the condo to either hold on to the cash or invest in different locations such as San Diego, Florida, or Texas. I think I could get more than one property with the profit from this condo. I'm not sure my condo will ever reach this price again (bought it for 405k and the current market is at 480k-500k). My goal for the next three years is to expand my rental real estate portfolio. As such, I'm debating if I should sell the condo or hold on this property. Please share your recommendations as I'm a newbie to rental business. Thank you in advance!