Best exit strategy ?

[Shaun Robinson]

I’m wanting to build a rental portfolio. I own a free and clear property in a D neighborhood. It’s turnkey. Should I sell because of the neighborhood even though the area is up and coming? I can get 850/mo. It’s pretty much a new construction. I paid $2500 for a fire damaged property. I put 65k of my own capital in, but it’s only worth 81k. What’s the best exit strategy in this scenario? 2br/1ba 980sq single family.

I also have a 4br/2ba in a D neighborhood. Purchase price was 30k. Arv is 95k. Repair costs are 40kI put 6k down, paid 5k to the wholesaler. I bought this property through seller finance. The interest rate is 3.5%. There’s a 24k note.

I know i made some mistakes here. I’m new, but if I’m trying to build a portfolio with multi families what direction should I go from here? I’m open to lease option on these as well. Even wholesale...