[USER]

Hi all, looking for some advice on what to do with some low performing assets. I have 2 paid off condos in the DC area worth about $200k apiece, each only making about 5.5%-6% in return even including property value appreciation, rented at market rent in B/C neighborhoods.

I’d like to make a higher return on investment ideally without paying capital gains tax if I sell.

What would you do in the current interest rate environment without overleveraging or going cashflow negative?

Thank you in advance!

[Liz]

SELL! who needs that headache. Put 200K into IVR and make $8k a month…..and don’t worry about the taxes; you’re making so much $$$ you can afford the hit!

[Robert]

I’m really curious as to why you are only getting 5.5-6% return if they are completely paid off.

[Farris]

I would sell and go do way better. Who cares about the tax when they are doing that bad.

[Chad]

I would look into just what the taxes are going to be if you sold them. It may even be more beneficial to sell one in one year and one in another tax year?

I would also ask what your goal is with the money. And how long is your runway until retirement?

If you’re looking for consistent pass of income that four or five percent might not be so bad.

So, if you’re looking to get more funding towards retirement you have a good chance of making more with investing.

Not guaranteed.

[Author]

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