Should I sell this negative cash flow house?

[Tj M.]

I have a house that used to be my primary residence that has $109k mortgage and $73k home equity loan that I used for stupid stuff as a kid. It would cash flow pretty well if only had the 1st but I have been renting it out for the last 7 years losing money. So my question is should I sell it and get out of the negative cash flow or should I treat the 2nd like personal debt and pay it from my regular income and keep the house? Looking to hear your thoughts on this.

[Steve Milford]

If it is cash flowing negatively already, you are already supplementing it now with your regular income. So I guess the question is, do you ride out the debt or sell to stop the negative cash flow? 

There is no way to know because I don't know what the equity capture could be. For example, if you sold now and broke even is that better than waiting another year with negative cash flow (of potentially a smaller amount) and gaining $10,000 in equity? Only you can answer this.

Good luck, Steve