Burt,
I agree with the guys above – a renovation of some sort may be a good way for you to get started.
My own plan consists of doing some basic (cosmetic not structural) renovations to generate extra cash, and then either selling or refinancing. This depends on how the balance of selling (and capital gains tax) against holding with tenants (is it…[Read more]

Hi DanandFi,

I feel you are probably making the right choice to unload the -ve cashflow property, especially if you can take the cash gain and turn it into 2 or more +ve cashflow properties.

I prefer a buy and hold strategy myself, but (from experience) I also know it does you little good to hold a property that is costing you money each week.…[Read more]

A simple rule of thumb I have read alot about is “the best risk is the one you are comfortable with”. Generally, most advisors will tell you that higher reward means higher risk, and in many cases that is true.

However, I believe one of the true arts of investment, or business for that matter, is risk management.

I personally am not happy with…[Read more]