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Updated over 5 years ago,

User Stats

70
Posts
14
Votes
Emmanuel Lopez
Pro Member
  • Investor
  • Elizabeth, NJ
14
Votes |
70
Posts

Invested in a multifamily

Emmanuel Lopez
Pro Member
  • 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?

  • Emmanuel Lopez
  • Loading replies...