What Can I do in 2023 to Keep Investing

[Vlad B.]

Hi BP Community, I need some feedback. Currently, I have B & C properties, 8 doors and 2 renters are struggling to pay rent and a vacancy. I've used up all reserves in 2022 for the vacancy, maintenance, and late rent. My HELOC is maxed out and we can't save any cash as we spent it on the mortgages in 2022. My wife and I work full-time jobs and I took on other work to subsidize the mortgage losses. I'm an out of state investor in KCMO market.

What can I do in 2023 to continue investing?

[Larry Turowski]

@Vlad B.Keep investing? If you keep investing like that you’ll go bankrupt. You are over leveraged. You need evict non-payers, fill the vacancy, and sell one or more of the properties to shore up your finances. And then reevaluate. You should not have two non-payers and a lingering vacancy out of 8 units in b/c areas.