Updated almost 9 years ago on . Most recent reply
Opinions on negative cash flow house.
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.