Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 6 years ago, 07/12/2018

User Stats

1
Posts
0
Votes
Doris Wilson
0
Votes |
1
Posts

Think outside the box....how do I get it to sell

Doris Wilson
Posted

I bought it in 'O5,  puts lots and lots of money into it, completed it from 1 rentable unit into 4 rentable units, still owe quite a bit on it, and it still need lots and lots of TLC.  I want to sell it.  That's the short story.  Longer version is that it was me and my husband who bought it in '05.  He did much of the work himself.  Yes, it has 4 units now, but it didn't always.  The units are nice,  but, the outside, etc. is still very needy.  My handyman husband passed away of lung cancer almost 3 years ago and left me limping along with a needy property.  I want out from under.  It does turn a profit and it does cover itself, but not enough.  If I want to do any repairs, there is no money and quite frankly I have no other funds available to me.  If I keep it, it will end up running down more or I will end up losing it to the financial institution.  Put it up for sale, and so far I am hearing the same story from all people who have looked.....it needs too much work to be profitable.  I need to find a way to get out from under this, and not by giving it away to an investor who laughs all the way to the bank while I lose money.  Help????  Any ideas????

Loading replies...