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Updated over 5 years ago on . Most recent reply

Emmanuel Lopez's profile image
Emmanuel Lopez's profile image
Emmanuel Lopez
  • Investor
  • from Elizabeth, New Jersey
  • Member since May 13, 2017
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70
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14
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Emmanuel Lopez's profile image
Emmanuel Lopez's profile image
Emmanuel Lopez
  • Investor
  • from Elizabeth, New Jersey
  • Member since May 13, 2017
Connect
Emmanuel Lopez
  • Investor
  • Elizabeth, NJ
14
Votes |
70
Posts
General Real Estate Investing

Invested in a multifamily

Emmanuel Lopez
  • Investor
  • Elizabeth, NJ
Posted

I bought a multi family in Elizabeth NJ straight cash for $190k thinking I would quickly wholesale or flip it but kept it. It needed some work and I’m at $240 done with it. Now I’m in bubble because I want to keep it, rent it (which I already have one of the two units rented and close to renting the 2nd unit) bringing in $2,700/month.

Should I sell it as I have buyers interested or keep it. If I do should I take out a take a mortgage and use that to invest in another property. What are your recommendations?

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    Emmanuel Lopez's profile image
    Emmanuel Lopez's profile image
    Emmanuel Lopez
    • Investor
    • from Elizabeth, New Jersey
    • Member since May 13, 2017
    Connect

    User Stats

    70
    Posts
    14
    Votes
    Emmanuel Lopez's profile image
    Emmanuel Lopez's profile image
    Emmanuel Lopez
    • Investor
    • from Elizabeth, New Jersey
    • Member since May 13, 2017
    Connect
    Emmanuel Lopez
    • Investor
    • Elizabeth, NJ
    14
    Votes |
    70
    Posts
    Emmanuel Lopez
    • Investor
    • Elizabeth, NJ
    Replied

    @Jerry Padilla thank you very much. Very much appreciated

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    • 1 Vote
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