Looking at the houses that I have

[Katie Lea]

I need some help. I have had 4 properties - I bought my first one in 2006. I never thought about them much and definitely didn't put much time in real estate, but now I am realizing that this could be a great future and these 4 houses could make a huge difference in what I do in the future. BUT!!!! I have tried to calculate the numbers on the houses that I have... the two that I have done, are bringing in about $150 in take home and about 5.5% ROI. I am kind of wondering what I should do with the homes I have (with my husband) and what I need to do going forward. Any help would be very helpful!

-Katie

[Robert Leonard]

Hi Katie, I've seen some of your recent posts on the Baton Rouge REIA/THE RING meetup site.

My recommendation is that you take your time and focus on learning some of the strategies before making any drastic changes like selling and starting over.  There are a lot of factors that make the time and process of selling advantageous or not. Namely the tax consequences can be significant.  Deciding what’s the right next move and when, will depend largely on the rest of your personal financial picture.  Only your personal tax and estate advisors know your situation well enough to offer meaningful advice on these matters.