Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 12 years ago on . Most recent reply

User Stats

137
Posts
36
Votes
Mike Hoefling
  • Rental Property Investor
  • Worcester, MA
36
Votes |
137
Posts

Not sure what to do with my Rental???

Mike Hoefling
  • Rental Property Investor
  • Worcester, MA
Posted

So, I relocated for a job and started renting out my single family residence..which may have not been a good idea, I am not sure. Anyways, the house is rented and not covering the mortgage and expenses (negative cashflow). What I am trying to figure out is if I should continue making repairs and attempt to make it cashflow positive or fix it up to sell.

Current Issues: Leak in basement and retaining wall by the driveway that need repair.
Minor Issues: Water pooling in backyard, deck could use work (functional, but not pretty)

Has anyone had any similar problems?

Any ideas on how I should plan on moving forward?

Mike

Loading replies...