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Updated over 8 years ago on . Most recent reply

User Stats

29
Posts
3
Votes
Fernando H.
  • Investor
  • Reading, PA
3
Votes |
29
Posts

*INVESTING QUESTION* Rent long term VS Selling.

Fernando H.
  • Investor
  • Reading, PA
Posted

Hi BP members! Thank you in advance for any inputs.

I am the owner of 3 rental properties and I'm debating on what my next investment strategy moves should be. I'm fairly new in real estate investing and I been leaning towards selling all 3 properties before the end of 2017 and that is why I need advice from season experts in this area.  All 3 properties are mortgaged, have decent equity built in,  but my monthly net rental income margins are low for the time and money I have invested. My ultimate strategy is to increase my cash flow. Just seems my current model of renting is producing cash but a very slow pace.  That is why I'm debating if selling, and then reinvest my invest strategy is just flipping properties, no rentals might be more profitable and I have experienced in completely rehabbing 2 of the 3 properties already.

1st property - owner occupied Duplex - 

Owner occupied in 1 apt.

Rent the other apt for $900 monthly

Mortgage is $1050

mortgaged is 110k 

appraised value is 140K

2nd property

Single Family

Mortgage is $665 monthly

Rent is $850

Mortgage is 60K

Appraised Value is 70K

3rd Property

Single Family

Mortgage is $625 monthly

Rent is $950

Mortgage is 70K

Appraised Value is 100K

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