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Updated about 11 years ago,
get out or stay in
Hey all,
I got a house in a C/D class neighbourhood and paid too much about 115k. It was new construction about 1.5 years ago when I bought it and hasn't had any vacancy and the tenants are there for another 1.5 yr renting for 1205 a month. The house is in the Redbird neighbourhood in Duncanville Dallas Texas. The current market is showing the same types of houses are selling for around 90k. I got in unaware the neighbourhood wasn't that great and have heard stories of tenants trashing houses in the neighbhourhood from others who invested there. It's still cash-flowing. I put 20% down and really don't want to lose all my down if possible and definitely want to not have to put in extra cash if I sell.
What are my options? What are your suggestions?
Thanks.