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Doubt whether to sell now or rent

I started in the last year to diversify my investments by investing in real estate.

M34, I live abroad, I currently have a total assets of about 650k composed of: 207k equity ETFs, 300k real estate (market value), 42k Crypto, 12k gold ETFs, 8k bond ETFs, 25k liquidity, 50k liquidity in my company's coffers, 2-3k other

I purchased in December 2024 - after about a year and a half of research, time and attempts - an apartment in the center of a large Spanish city (Valencia). It was an opportunity, paid € 184,000, two bedrooms and with unique characteristics for the real estate market in the area, for example super bright with as many as 5 balconies.

Well, the goal was to renovate it and rent it out. In a month I renovated it (it needed a refresh, not deep work) arriving at a total investment of €222,000 and I have already rented it for €1,400/month for the next 4 months (my intention is to rent it for short periods like this).

I had it appraised by a real estate agency and they tell me that the market value to sell it is €240-250,000.

Yesterday a friend who works in the real estate market here tells me that he has a foreign investor who is looking for exactly an apartment with these characteristics and has a lot of budget. He gives him a price: €295,000. This one accepts, wants it at all costs and so I have this purchase offer in hand.

Now I have a doubt about what to do.

My goal was to buy an apartment to have an alternative income in a FIRE perspective. I could have about €1,400 per month. Which net of costs and taxes would be €1,050 per month. I live in a rental and I also liked the idea of ​​having my own property where I could eventually go and live if they increase my rent in the future.

Or I could sell for €295,000 to do a "flipping", realizing a capital gain of about €73,000, which net of taxes and costs would be about €55,000 net. However, if I want to reinvest them I would have to start looking for opportunities again and waste more time in a real estate market here in the area that has gone crazy (it took me a year and a half to manage to get an apartment, otherwise the opportunities fly away within 1 hour of publication)

submitted by /u/Hot-Initiative-6040
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source https://www.reddit.com/r/RealEstate/comments/1if23vj/doubt_whether_to_sell_now_or_rent/
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