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Updated about 4 years ago, 11/11/2020

Alan Hicks's profile image
Alan Hicks's profile image
Alan Hicks
  • Investor
  • from Lawrenceville, Georgia
  • Member since Sep 29, 2017
Connect

User Stats

59
Posts
5
Votes
Alan Hicks's profile image
Alan Hicks's profile image
Alan Hicks
  • Investor
  • from Lawrenceville, Georgia
  • Member since Sep 29, 2017
Connect
Alan Hicks
  • Investor
  • Lawrenceville, GA
5
Votes |
59
Posts
Starting Out

Analyze Existing Deal

Alan Hicks
  • Investor
  • Lawrenceville, GA
Posted

Alright... back to square one.

I have a 3/1 I paid $127k 2 years ago.

Current tenant is not going to extend lease.

Mortgage + escrow = $941.. rent was $1150.

Rate is 5.75%.

Sell? Keep?

Basically not making any $ each month, no tax break (income >$150k).

Seems I am carrying all the risk with no benefit.

Thoughts ?

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