General Real Estate Investing
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by

Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated over 1 year ago on . Most recent reply

Mortgage shot up/ no longer profitable
Hi All,
so I have a property that’s a 3 bed 2 and half bath. My mortgage was $2,054 and I rented out for $2,750, great!
Now my insurance agent forgot to put flood insurance last year so they double billed me at once causing me to have an escrow shortage ever since then, when taxes get paid they have to do an escrow advance and always in shortage. This my new mortgage payment being $2,805 from $2,054!!
what can I do to fix this and become profitable again ?