I have been recently contacted by a reader asking for a help to analyze results of investing into 2 condominiums (apartments).
Here is the input data (story):
Apartment #1 (Apt. #1) - initial investment $ 56 K back in 2005 and additional amount of money in 2010 - $170 K.
Apartment #2 (Apt. #2) - investment $ 170 K in 2010.
The questions are:
- Whether the investment in the real estate worth it and what is rate of return (ROI)?
- What to do next - sell them or keep as rental properties?