Sell or Hold? (by MAP [NY]) May 18, 2022 8:03 AM
Sell or Hold? (by Richard [MI]) May 18, 2022 8:20 AM
Sell or Hold? (by Vee [OH]) May 18, 2022 8:46 AM
Sell or Hold? (by Ken [NY]) May 18, 2022 8:52 AM
Sell or Hold? (by zero [IN]) May 18, 2022 9:18 AM
Sell or Hold? (by Ray-N-Pa [PA]) May 18, 2022 12:53 PM
Sell or Hold? (by Tonia [RI]) May 22, 2022 12:08 PM
Sell or Hold? (by stuart waltour [NY]) May 22, 2022 4:58 PM
Sell or Hold? (by MAP [NY]) Posted on: May 18, 2022 8:03 AM Message:
Twenty official responses (pre screening) all of them DQed. Will keep going. The neighborhood is right near the schools (elementary, middle, high). There has been some drug activity here and there. Former blue collar bedroom community. Pretty much all manufacturing has dried up here. All in all fairly quiet. Vacant house is across the street (this duplex was vacant for over 10 years due to a fire upstairs--totally rehabbed--purchased for 18,500)
Sell?
--72.231.xxx.xx |
Sell or Hold? (by Richard [MI]) Posted on: May 18, 2022 8:20 AM Message:
You've seen what crazy rules NY has put in, especially ones that seem anti-landlord. Do you think there will be more of these? NY seems in a race with Calif and New Jersey and Mass to see which one will destroy landlords first.
Your own words above-- former blue collar community / manufacturing dried up / vacant burned out house across street for 10 years. Looks like the area has little prospects of becoming better and maybe a lot of prospects of going down even more.
Could you sell and move your investment to a better area? --24.180.xx.xx |
Sell or Hold? (by Vee [OH]) Posted on: May 18, 2022 8:46 AM Message:
If the market price comes close sell, the no-rent crowd is growing - let them own. --76.190.xxx.xxx |
Sell or Hold? (by Ken [NY]) Posted on: May 18, 2022 8:52 AM Message:
I am selling all my bottom end stuff,market is still crazy,offers over asking is common. It will not get better in NY,that is for sure.I would sell it,in 2-4 years you will be able to buy it back cheap. I just sold a 4 unit and the buyer was going to hire my manager but decided not to because he wants the rents the day the manager gets them rather than the manager holding them for repairs etc because he said he needs them right away,i will be at the foreclosure auction when he loses that place in a couple years --74.77.xx.xx |
Sell or Hold? (by zero [IN]) Posted on: May 18, 2022 9:18 AM Message:
First house I bought to live in was a dump. I rehabbed it while I lived there. It was still an old house but in decent shape.
Family grew and we moved on. I ended up buying the property at foreclosure. I knew all I had done to it already so I was okay with it. Had it a few more years and then sold it off.
Every once in a while I check up on the place. The newest people there take good care of it so I guess that is all done.
Almost bought back the first rental I had. Then I was reminded of how much it was cursed with bad tenants so I let it slide.
Besides the market was just heating up and now it would be a crazy high price.
I have patience tho. --107.147.xx.xxx |
Sell or Hold? (by Ray-N-Pa [PA]) Posted on: May 18, 2022 12:53 PM Message:
If this a class B or higher - I would hold on to it. It doesn't sound like it though
--24.101.xxx.xxx |
Sell or Hold? (by Tonia [RI]) Posted on: May 22, 2022 12:08 PM Message:
I think it is time for me to sell here in Rhode island. The appreciated value has increased on my triplex, and I have had awful tenants and 2020 and 2021 were bad years. I don't see it getting any better for us landlords with all the affordable housing problems, increased taxes and more maintenance required. I love being a landlord but I just think it's time now. I am thinking about using Red fin for lower realtor fees. Any one have feedback about Red fin Realty! --71.117.xxx.xx |
Sell or Hold? (by stuart waltour [NY]) Posted on: May 22, 2022 4:58 PM Message:
im selling all my propeties in ny state!!! the liberal socalist politicans are making it difficult to do businesss in ny state !! SELL buy in another state loke OHIO!! much more landlord freindly!!!
--98.11.xxx.xxx |
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