All Forum Posts by: Esteban Soltero

Hello fellow investors ! What do you think would be the best option in my scenario . First time buying , got a property with my mom , in the LA County , 2 years ago. Some general info on it : it's a duplex with unpermitted adu. issue is , inherited tenants on the duplex back house only pay $900 for 1br 1b. Did a refi and cash flow is negative $300. The unpermited ADU is helping us to stay afloat plus allotting some money with our W2s.

We were on the side of selling given today’s market climate to be safe because we don’t see us keeping it in the long run if things do go down within a 5 year time frame. We would get a small positive return if we do sell and wanted to start fresh with the money without inherited tenants.

Is it better to go through the legal process, do things right and stick it out or go through with our exit strategy. Any advice and input welcomed, thank you for your time and thoughts in advance!