Im 29 Years old... What Should I do?

[Art Frasik]

I really need advice, I've been in limbo for about 2 years.

- I own 5 free & clear SFR rental houses and 1 nice duplex (personal residence with a 20% equity mortgage on it. All properties located in a stagnant suburban city outside Cincinnati. This town has a HUGE (but very poor quality) rental market which has attracted LOTS of "investors" who are buying properties for $10K. This city is saturated with SSI and food stamp recipients. Very tough to find quality tenants

- Once considered secondary income, the cashflow from the rentals has become my primary source of income that now pays for all my living expenses and a little bit more.

- Due to the saturation of homes for sale on the market, I don't think any of them are sale-able (for retail)... in other words, they're either worth $70K retail or $20K to an investor

- I have bought and sold cars (privately) for the past 6 years as my primary source of income. At the beginning of this year, I decided to turn this into a business and get a license. I very quickly saw that it was counter-intuitive that would result in much less income at best. I recently gave my dealer license back to the state, and because there are so many private wheelers and dealers, this has become a zero source of income

- I have saved tens of thousands of dollars, but I don't feel it would be prudent to buy another property in this city. I am incredibly miserable living here. I want out of the mid-west so bad, but I feel I am STUCK because the cost of living here is stupid cheap and I cant sell the properties because if for no other reason the tax liabilities and no where else to invest! 

- I have started several businesses that have failed and I am out of options. I sleep long into the afternoon with no reason to get out of bed. I have money to invest but have no Idea what to do. What would you do?

[Chris K.]

You're 29, have investment properties that pay your living expenses and more, you have thousands in the bank and you can sleep into late afternoon cause you have no reason to get up......

Sounds like you're already on the right track.