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Updated almost 2 years ago,

User Stats

290
Posts
253
Votes
Danielle Wolter
  • Rental Property Investor
  • San Diego, CA
253
Votes |
290
Posts

Selling a Poor Performing Property

Danielle Wolter
  • Rental Property Investor
  • San Diego, CA
Posted

I've been investing out of state for several years now. Most of my properties are great. However, I have one that I bought in a bad area (crime, etc). I've tried to get rid of it, but have not been able to sell it for my life. I've been shouldering the payments for over 2 years now and can no longer afford it.  I've been in touch with several wholesalers and it always end with them deciding not to move forward with it. 

Any suggestions for getting rid of this property? If I can't sell soon, I'm just going to have to let it foreclose with will really hinder any further investing I do in the future. (FYI I own 11 other properties in the same part of the country). Thanks!

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