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Updated over 12 years ago on . Most recent reply

User Stats

29
Posts
7
Votes
Mark-Anthony Villaflor
  • Rental Property Investor
  • El Nido, Palawan
7
Votes |
29
Posts

get out or stay in

Mark-Anthony Villaflor
  • Rental Property Investor
  • El Nido, Palawan
Posted

Hey all,

I got a house in a C/D class neighbourhood and paid too much about 115k. It was new construction about 1.5 years ago when I bought it and hasn't had any vacancy and the tenants are there for another 1.5 yr renting for 1205 a month. The house is in the Redbird neighbourhood in Duncanville Dallas Texas. The current market is showing the same types of houses are selling for around 90k. I got in unaware the neighbourhood wasn't that great and have heard stories of tenants trashing houses in the neighbhourhood from others who invested there. It's still cash-flowing. I put 20% down and really don't want to lose all my down if possible and definitely want to not have to put in extra cash if I sell.

What are my options? What are your suggestions?

Thanks.

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