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Updated about 6 years ago, 12/24/2018

User Stats

8
Posts
1
Votes
Kris Jumao-as
  • New to Real Estate
  • South Bend, IN
1
Votes |
8
Posts

Ready to give up.. Want to share my thoughts and get opinions

Kris Jumao-as
  • New to Real Estate
  • South Bend, IN
Posted

Real estate business is hard especially multifamily. I am on the crossroads of just selling everything and moving into REITS, Index funds or dividend investing now that markets are low.  Heres a little background on me:

* I have a full time job as a PT

*I own and manage myself an 8 unit multifamily in Buchanan MI and 1 duplex in South Bend IN. Used to have a property manager but has moved away. Having trouble getting a trustworthy manager. The 8 unit cashflows $1100 after debt service and duplex cashflows about $250 after debt service.

* i have 3 small kids

* recently injured my knee and on crutches and property is a 25 min drive away.

Things are getting overwhelming and im ready to sell. What are your thoughts on this? If you are in my shoes would you sell? I was hoping to sell the 8 unit for 200k and the duplex for 140k.

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