Legal Question in Real Estate Law in New Jersey

Re: Hold or What?

I don't think your question is technically a legal question. It's more a money-management question or possibly a question of whether you have made a good judgment as to these particular properties. At this point, because you already own eight properties, you need to sit down with someone who really knows how to manage properties and see what you have been doing wrong. For the future, you need to learn what makes a "good" property and what makes a "bad" property in the sense that they will either give you cash flow or future appreciation, depending on your particular goals.

I have some experience with real estate and would be happy to sit down with you. You need only call me. Good luck! Rob Gleaner

Re: Hold or What?

If these are investment properties that are not providing enough cash flow for you to keep up the mortgages and other expenses of the properties, it sounds as if they weren't very good investments.

You need to analyze the cash flow for each property, and possibly decide to sell one or more of them, so that you are not paying more to keep the properties than they are making for you.

You should be speaking to an investment adviser who can help you analyze this, and be sure to have an experienced real estate attorney on your team, too.