To sell…or not to sell…

[Pafoua Vang Xiong]

So I got lucky and got this really great $150k property, from an outta state seller. Just not wanting to deal with the renters who he’s never raised rent on, and the upgrades he’s never done. 

Now the question is…should I keep or sell for cash at the end of this project, so that I can get more projects…

I just moved to this area, im a licensed realtor. 

I think I know what I should do. 
just curious what others would do. 

[Andrew Garcia]

Hi @Pafoua Vang Xiong, it really depends on your goals.

If your goal is to make additional one-time income. I would sell.

If your goal is to obtain a cashflowing asset, I would BRRRR.

The issue with selling in today's market is that it can take 3 months to re-deploy your capital. By then, you might have to pay $20,000 more for a similar property. 

Hope this helps! Let me know if I can be of any assistance.