Rental Property or Flip

[Justin Worsham]

I have had a rental for about 3 years now. I bought before I knew about bigger pockets. It costs me about $1500 a month right now and I have made $150,000 in equity. I currently have a tenant in there with a lease till May of 2019. They are great tenants who don’t look to be going anywhere. Should I flip it and use the equity to eithet buy a Rental that cash flows or hang onto it and finance my flIps? Curious about the thought of folks here. Cuz others have said I should hang onto it long term, but that doesn’t make sense to me based on what I have learned. What am I missing?

[Ray Johnson]

@Justin Worsham you don't have a rental property, you currently have a non-profit charity in which you're subsidizing a tenant to live in your nice property at your expense.

Sell it tomorrow, there's no reason to lose $1,500 of your money every month.