Sell? Or don’t sell?

[Ian Bruesehoff]

Question: We have two CALIF. condos (PGA West La Quinta & Lake Arrowhead), each earning $30K ann. as STR's, w/3% loans, our son pays for one condo. We live mostly in La Quinta. We're 65; my husband had a stroke & can't work, and I'm on disability. We pay $2K month credit card debt (used to set-up the STR's) get $5K from Social Security, leaving $3K to live on. We took an $80K HELOC on Lake Arrowhead for expenses. Should we sell these condos for better cash flow houses or try to find owner financed deals? We want to scale up our STR business.