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Updated almost 4 years ago,

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RENTALS NOT GENERATING ENOUGH MONIES

Posted

Hi fellow Investors, I have been a buy and hold investor.  Recently, I sold 2 of my single family homes and picked up a small beach condo and 1 marina condo.  I have 2 other condos on the Intracoastal.  Even with charging good rent, I find myself left with maybe 2 k after paying everything plus the maintenance and taxes for my home.  Everything is paid for.  I have also done improvements to some of these properties that also have been paid for.  Everything I own is in  good desirable areas.  I do not want to sell because the properties keep going up in value.  I believe I have spent about 700 k with improvements.  I would never be able to buy any of them back at the old price.  So what is an opinion on only netting 2 k after paying for everything.    Any opinions will be great!...btw I'm in South Florida, Jupiter area. Thanks ahead for your comments.

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