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Updated almost 4 years ago,
RENTALS NOT GENERATING ENOUGH MONIES
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.