New member in Pittsburgh Pennsylvania

[Stephen Long]

Hello, I'm 23 years old started investing when I was 22 . The Pittsburgh  area and Mon-valley are my target investment areas. I currently  own  2 units neither is brining in cash flow yet 1 is almost tenant ready and the other is no were near tenant ready . It need's lots of improvement more than I thought when first purchased . The reason i purchased my first unit was because I wanted to feel like I accomplished something major and it was only $5000. Now it's just sitting vacant . What's should I do ? Thanks for any advise .

[Patrick Liska]

Stephen,

Is the reason, besides needing a lot of work, that it is costing you more than you figured ? i would concentrate on the first property that's almost ready and get it done and rented so you have some income coming in. as long as you can afford to keep the other one then hold it. If the ARV of the first one will be greater than when you bought it, you may be able to pull money out of the value of that one to fund and continue the other house. or if you have relatives that may want to loan you some money to finish the other house, that's another way to go.