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Updated over 7 years ago on . Most recent reply

Terry J.'s profile image
Terry J.'s profile image
Terry J.
  • from NC
  • Member since Dec 23, 2017
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Terry J.'s profile image
Terry J.'s profile image
Terry J.
  • from NC
  • Member since Dec 23, 2017
Connect
Terry J.
  • NC
2
Votes |
6
Posts
Buying & Selling Real Estate

What to do with current rental?

Terry J.
  • NC
Posted
So, before I got into REI, I had a rental in a hot rental area, but have now learned that it's not making my current ROI. In fact, I'm losing money keeping it. I can turn it around by putting 30k into it with repairs, refinancing, and keeping it for 4% ROI. Or, try to nicely persuade the current renters to move so I can sell it to put my 15k in equity towards a 12 to 18% ROI property?
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