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Updated over 5 years ago on . Most recent reply
Invested in a multifamily
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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