Selling an 8 unit to pick up a 43 unit in a worse location
BP,
I need a little advice. I have an 8 unit property that I would say is in a B class location. I also own an 8 unit on the street behind it (It shares the same backyard). Therefore, in the future, If I ever did want to sell, I could sell all 16 units together. The one particular 8 unit that I am considering selling has also caused me issues, problems, money.
With that being said, I have an opportunity to buy a 43 unit property that is in a C class area that needs quite a bit of exterior work, but it is a cash flow BEAST. What are your thoughts? I hate breaking up the 16 units, but it is hard to pass up on the cash flow this particular asset brings. Any feedback would be great! Thanks.