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Lucas DeAndrade
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Seeking Advice for bad property

Lucas DeAndrade
Posted

Purchased Out of state SFH for long term rental. It has been nothing but headaches over the past year. Newest quotes came out to over $20k. Did I just buy a lemon? When is enough enough. When do I sell because I'm getting real close to call it quits now

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Jaron Walling
  • Rental Property Investor
  • Indianapolis, IN
4,184
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Jaron Walling
  • Rental Property Investor
  • Indianapolis, IN
Replied

@Lucas DeAndrade What are the numbers saying? What is the market doing right now? 

We're in turbulent weather but the skies will clear. It sounds like big orange head negotiated a trade deal with Iran and open the strait again. Elon Musk is a trillionaire. Let's stay positive. 

Can you finish the remodel, boost the curb appeal, and sell it for a profit?

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