- Joined
- Apr 11, 2012
- Messages
- 8
I have a property that is older and is not producing any positive cash flow. I will likely have to put some money into it in the near future. I have a very good renter but she is on a limited budget so rental increase is not an option for her. I approached her about selling it and she was devastated. She accused me of playing dirty pool and that I was only thinking of it as an asset, and how could I kick out an old lady on disability from "her home"? Now I feel so guilty, I don't know what to do? I have been told never to sell, then when I couldn't get another mortgage to buy another property I was told to dump it. Hoping to hear from some experienced real estate investors, what would you do in this case?
I appreciate your feed back, if nothing else, to make me feel like less of a smuck!!
I appreciate your feed back, if nothing else, to make me feel like less of a smuck!!