Advice on selling properties purchased from Morris Invest

[Georgie Coote]

My husband and I are investors who were caught in the Oceanpoint/Morris Invest mess. We purchased 2 duplexes and 2 single family homes in Indianapolis and two Jacksonville properties. Keeping it short; a year after changing to new property managers in Indy we have: 

• A 3 bed house that has consistently been rented and no problem.
• A one bedroom duplex which has been updated and ready for rent since October, still empty but a Section 8 tenant due to move in to one side.
• A three bedroom duplex which has caused us continual headaches with squatters and is supposedly finally empty waiting for a renovation estimate.
• A 3 bedroom home which is being currently being updated.

So after a year without rent, high stress and continual cash flow outwards, we are ready to just get the hell out. We are looking for some independent advice, do we bother renovating the duplex or just sell AS-IS? Are any of the properties worth keeping? Any recommendations on a trustworthy consultant we can work with to end this disaster once and for all? 

Thanks!

[Jay Hinrichs]

wholesalers will want to add 5 to 10k on to the price if not more..  keep in mind these are the same people that feed them the properties. LOL.

so they are buying them back and making profit again.

if you get them stablized then list them on BP marketplace or with agents.. probably your best bet.

No magic answer.. as it takes the right buyer to buy in those areas. regardless of condition of property.