WWYD - Have a rental prop in a top school district in TX that I got for 270k, owe 232k,can sell for 340k (maybe more) right now. Prop was owner occupied for 14 months of last 5 years so won't be paying tax on profits.P-500, I-700, Escrow-650. Nt making xtra pmnts towards Principal. Qn is-Sell prop and invest profits in stocks, ETF etc. OR keep the prop & continue renting? Finding tenants is easy cos of top School Dist. Have already invested 60k in the market and planning to add 40k from savings.

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Keep the property

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WHAT ARE YOUR INVESTMENT OBJECTIVES?

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Thanks EY 1 - forgot to add that imp detail. Yes , I am making $150 more in rent than the monthly mortgage.

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I was in a similar situation in 2002 in NY and sold the property. Regret it ever since

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Regret it because it would have given me great income right now and get me closer to retirement .

Where in TX? If in Austin I would keep since that market is blowing up.

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Keep it and continue to rent it out.

Thanks for all the replies guys - I'm in a dilemma but at least it's a good dilemma. Will do some comparative analysis and then finalize.

Which school district? (I’m looking to buy my first home, so just curious)

Frisco school district

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