Cut and Run or Stick it out?

[Kevin Wilson]

Failed BRRRR investment. Purchase price $90K, $60K rehab on a duplex. Currently all cash/not financed. Both units rented for a combined $1700 per month. Not many Duplex comps but probably would sell at about break even or small loss. Disappointed in the rehab work, had a pipe freeze and burst and insurance claim to repair items. Do I 1031 and try and get into a better investment or stay invested and cross my fingers no more issues arise?

[Kyle Mccaw]

$150k investment that brings in $1,700 seems good to me. 

Finding properties is the hardest part of investing. Have you thought about cash-out refinancing? And go do it again.

The name of the game is adding assets to your portfolio. Why sale now?