All Forum Posts by: Ross Melby

You are a smart man and agree I am emotionally attached. I am at best breaking even, and completely agree everything is simply getting older and older. Thanks for the reply! 

@Jason D.

@Caleb Heimsoth the only hold up is everyone keeps beating in my head "NEVER SELL..." which is giving me pause. I'm not loosing money, but there definitely isn't much to look forward to and no real way to budget for repairs. I'm trying to figure out what the next purchase will be if I sell. We have a super competitive market with a lot of money floating around and I refuse to purchase in our less favored areas where you can still pick up a deal for around $250,000 but will be dealing with unsavory tenants in less than savory neighborhoods.. 

Hey 

@Caleb Heimsoth 

I purchased the house for $330,000 three years ago and invested about $15,000 in light work I completed myself so all in $345,000. Thanks for the reply, much appreciated. 

Ok BP followers, here's my dilemma... 

I own 1 duplex in a prime neighborhood that is appraised around $450,000. I financed well at 3.75 no MI so my payment is $2075 with a balance of $310,000 remaining on the loan. I take in $2,700 in rental income, but after utilities my net cashflow each month is $400. It's a beautiful turn of the century duplex that I renovated when I purchased and lived in one of the units then renovated a single family which I later sold. My main question is do I ride this out for the long haul, or cut bait and move on? The average duplex in my area sells for around $400,000-$500,000. The house is old, the Winters are long, and I'm tired of the leaks and squeaks and though I love the house, all I can see is dollar signs for repairs in the near future because I'm OCD about everything! Anything will help. Here are a few photos of the place if that helps.