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Updated almost 8 years ago,
My property is a DISASTER... any sugestion??
I bought a property for 45K in a small town in NC. I had rented to two different tenants for a year each. The cash flow for this property was $450/month. The last tenants left with no notice and leaving a very big mess behind. It would take me a lot of money and time to fix and clean everything. Also the property has developed foundation issues that has caused mayor cracking and I don't have the money to fix it and I can't rent it out in this condition because one side of the house is sinking.
So I'm stuck between a rock and a hard place. I'm paying a mortgage for an empty house but I don't have the money to fix it. Any advice would it be greatly appreciate it!!
Thanks.