Welcome to passive real estate investing, the show where busy people like you learn how to build substantial passive income while creating wealth for the long term.

And now here's your host, Marco Santorelli.

Hello, my friends and welcome to another episode of Ask Marco, where I love answering your investing related questions.

Today's question is kind of simple,

but I feel bad for this person.

Her name is Grace, and she writes in and says,

hi, Marco, thank you for your amazing podcast.

It is very informative and educational.

It's been a few weeks now since I started listening and I gained a lot from it.

I am new to real estate investing and this is my first adventure.

Not sure why she called it an adventure.

I took some friends advice and bought some vacant properties in Baltimore

with a price range of $10,000 to $20,000 hoping to rehab and sell or rent out in the areas that are expected to grow.

I don't have any real data, but it is possible in a couple of years, maybe, but that was a year ago.

Unfortunately, or fortunately, maybe I need to be educated first in brackets. I was not able to do any of that due to finances and other circumstances.

Now since I started listening to your podcast, I thought it would be wise to seek advice before I go too far with it.

The area will be considered a Class D neighborhood I think. My question is how

should I proceed now? Should I try to sell them as is, even if I lose money,

and use the cash for a down payment

for a turnkey rental property?

Or should I try to rehab and rent out or sell the properties?

Thank you for your suggestions and keep up the amazing work you are doing in educating everyone who is interested to learn.

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