All Forum Posts by: Peter Vallone

Time to pick your brains!

I own five properties in northern NJ. Total of 17 rental units. The problem is I am cash flow negative on 4 of them and the value of 60% of what I paid for them.

In the long run, does it make sense to keep on pumping money to keep these properties afloat or should I bite the bullet, sell them at a loss and settle with the bank?

I know I'm not providing too much detail, but wanted to see what other people thought that might be in my shoes.

What is my solution, payoff the mortgages, but that is easier said than done, right?