[Bethany]

I have a rental property that’s not cash flowing. I could hold onto it and refinance later when rates are lower and try to get a $300 cash flow, or I could sell it and invest the equity (~$100k) into stocks or crypto or something and skim from that.

I need recommendations. If you had $100k, how would you make it work for you and your FI plan?

[James]

Just putting a $100k into a HYSA will get more cash-flow than trying to rent and manage a place.

[Marcos]

Id consider a 1031 exchange unless the neighborhood is A class, then keep.

[Rick]

Try to get $3,600 from $100k? I would move on from that house. Try hard to minimize selling costs as they are likely a year plus of your profits.

Too little info to discuss “best” next step.

[Anthony]

I would probably sell it before you lose your capital gains exclusion. That’s probably the biggest needle mover in this whole discussion.

[Frank]

How much is it costing you in taxes, insurance and other expenses besides interest is the question.

But if you would not buy it now, you should probably sell it.

[Jenny]

How long have you owned it? How much would you net after selling costs? Does it have good growth potential?

What was your original plan?

[Nicole]

Are you renting it out to short term renters? Are you sure you’re getting its potential in revenue?

[Candice]

Depends on a lot of factors. Condition and age of the property, where it’s located, when you want to retire, do you like managing it, and so on.

Not a simple question to answer.

[Author]

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