Need Opinions/Advice on my family and I's portfolio

[Ali S.]

Hey everyone!

Wanted to get some insight on what to do with my current portfolio. I'm kind of stuck and not sure what to do with the portfolio my family and I have created since 2021. It would be helpful and I appreciate it a lot on how you would proceed if you were in my family and I's position and on how to proceed now.  I am 26 years old, graduated from college last year and work a W-2 job. I just don't know if my family and I should continue to pick up these types of condos with either no return, break even, or low profits. I just don't know what direction we should go on our journey. Should I sell these properties slowly? Should I look for other investments? or anything, I'm just not sure. I appreciate the advice and thank you in advance!

Our portfolio in Illinois (close to Chicago):

All properties in this portfolio are the exact same layout in terms of sq ft and having 2 bedroom and 1 bathroom and are Condos in a 4 unit building Only difference is when each unit was renovated or not. The properties are either one street down from each other or are 2-4 buildings next door.

Property #1 (Currently live in with my family and I)

Purchase Date May 2021

Mortgage Balance: $117,898

Rate: 3.625%

Mortgage payment including escrow: $870.51

Purchase Price: $143,000

Tax: $3,308

Estimate to sell in today's market: $190,000- $210,000 based on current sales in the market this year

HOA: $110 monthly includes Water and building insurance and other maintenance for the property

Property #2:

Purchase Date:: April 2022

Mortgage Balance: $135,756

Rate: 4.625%

Mortgage payment including escrow: $1,375 (payment normally $1,059 but payment increased due to low balance on escrow because of tax increases)

Purchase Price: $148,000

Tax:  $4,578

Estimate to sell in today's market: $190,000- $210,000 based on current sales in the market this year

HOA: $100 monthly includes Water and building insurance and other maintenance for the property

Rent: $1,400 a month only water is included in rent

Property #3:

Purchase Date:: February 2023

Mortgage Balance: $118,518

Rate: 5.99%

Mortgage payment including escrow: $1,315 (taxes have gone up for this property as well)

Purchase Price: $132,000

Tax: $4,522

Estimate to sell in today's market: $190,000- $210,000 based on current sales in the market this year

HOA: $100 monthly includes Water and building insurance and other maintenance for the property

Rent: $1,400 a month only water is included in rent

Property #4: (We were thinking of selling this and take profits but not sure to be honest)

Purchase Date:: February 2024

Mortgage Balance: $139,408

Rate: 6.75%

Mortgage payment including escrow: $1,332

Purchase Price: $147,000

Tax: $4,130

Estimate to sell in today's market: $190,000- $210,000 based on current sales in the market this year

HOA: $100 monthly includes Water and building insurance and other maintenance for the property

Rent: $1,350 a month only water is included in rent