To sell, or not to sell

[Cedrick Givens]

Hey BP, Around this time last year I bought my first property (a real piece of work). I didn't just read a ton of books, listen to podcasts or analyze hundreds of deals I just jumped at what I thought was a steal. It has taken a lot more money than expected to complete the rehab (about 10K under A.R.V.). My original plan was to BRRRR, but lack of due diligence led to a purchase on an undesirable street. Would it be wise to continue with my original plans and run the high risk of having bad tenants in my first landlording experience or should I sell then use what I've learned to properly analyze and purchase my second property?

[Bruce Woodruff]

I would not want a property on an 'undesirable street'......unless you are fairly sure it is going to 'gentrify' in the next few years.....

Probably best to sell and move on.....

Just my .02