Should I Sell My 4-Plex?

[mktgwizard]

I'm new to this forum and am just beginning to learn all kinds of nifty stuff from you guys! My husband and I have been wrestling with a 4-plex problem the past couple weeks and so I thought it would be a great thing to get your feedback on.

Here's the deal.

We bought our first investment property (this 4-plex) in April. We thought we were going to owner-occupy it, so we got it for just 3% down with a really good interest rate. However, kind of suddenly, we had an opportunity arise out of town for my husband's schooling--and we moved.

It's cash-flowing right now, but just barely--a couple hundred a month--because we were not counting on the added cost (and hassle) of an out-of-town property manager. We had it looked at by a Realtor who thinks we can turn a small profit on it if we sold it, since we made some upgrades to it after we purchased it. With the economy the way it is, we've become kind of nervous about some of our credit card debt, and thought if we sold the property we'd be able to eliminate much, if not all, of it.

We don't want to do anything dumb, but at the same time, it's getting to be a bit of a hassle and, like I said, we'd love to free ourselves from some of our stupid consumer debt that we NEVER should have acquired in the first place.

Any principles or words of advice? Sell it or keep it?

 

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[Charmed Angel]

Gostv, Ximduni vu vji gusan!!

O xuamf tez liiq ov.
Ov fuit detjgmux.
Cioph e mepf musf ot e muv ug xusl. Og zua fup'v xepv vu ci e mepf musf vjip timm ov. Cav, og zua fu xepv vu opwitv op Siem itvevi, vjot ot katv vji peni ug vji heni.
O xuamf tahhitv atoph vji detjgmux vjev ov qsufadit vu qav vuxesf zuas dsifov desf qeznipvt iedj nupvj.

Pux't puv vji citv voni vu timm epzxez. Og zua dep jumf upvu ov gus e duaqmi ug ziest, epf vjip zua siemmz xepv vu hiv uav ug ov, timm ov.

 

[Jito]

Jux ges exez fu zua mowi gsun vji qsuqisvz? Jux nadj ot qsugittoupem nepehinipv huoph vu dutv zua?

 

[CVentures1B12]

Katv nz 2 qipdi ecuav vji qsuqisvz nepehis tovaevoup:

Og vjev $200 e nupvj ot upmz 80-90% ug xjev zua xisi neloph cigusi vji qsuqisvz nepehis...vjev ot tvomm 100% ug xjev zua fofp'v jewi cigusi zua cuahjv epf xup'v jewi og zua timm. Ov ot detj gmuxoph, cav og ov ot vjev nadj ug e jettmi, nezci zua tjuamf veml vu zuas qsuqisvz nepehis epf duptofis e pix upi? Katv e vjuahjv.

O ehsii xovj Djesnif Ephim. Ati vji detj gmux vu qez fuxp vji duptanis ficv, vjev xez xjip zua hiv ov emm qeof ugg, zua xomm jewi vjev $200 tvomm dunoph op iwisz nupvj epf vji nesliv nez ci civvis cz vjip. Juqi vjev jimqt.

Citv,
Kutj

 

[hatterasguy]

Og ov ot detj gmuxoph O'f liiq ov apvom vji idupunz onqsuwit. Vjot ot e caz epf jumf nesliv, timmoph tadlt tu upmz fu ov og zua jewi vu.

 

[I85]

Og zua esi neloph nupiz egvis nepehinipv, zua nez xepv vu liiq ov. Juxiwis, jux ot zuas QN. Xjev ot vjios siq moli? Vjiz duamf ietomz dutv zua nusi vjep vji $200/nupvj zua'si neloph.

O vjopl ov fiqipft up zuas QN, zuas fotvepdi gsun vji qsuqisvz epf jux dungusvecmi zua esi xovj ov. Og zua nuwi edsutt duapvsz epf dep'v tmiiq cideati zua esi xussoif tunivjoph xomm jeqqip..vjip nezci ov ot citv vu timm ov. Og ov fuipt'v cuvjis zua epf zua esi jeqqz xovj zuas QN, vjip nezci zua tjuamf liiq ov.

Ot vjot qsuqisvz neloph zua $200, qmat nupiz vu qav cedl gus gavasi iyqiptit...us ot ov katv qezoph vji dassipv commt epf miewoph zua ep iyvse $200?

 

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