Should I hold or should I sell?

[Zach Schnoebelen]

I bought a foreclosure to initially do a BRRR strategy but a lot more has been wrong with the house than expected and went way over budget. Now once refinanced rent will not cover mortgage. I'm looking long term but would also like to eventually profit. Is there a strategy that allows me to keep the house which is in a great area or should I cut my losses, sell (which would be come out with a decent profit) and use it as a learning experience?

[Austin Andrews]

Come out with a decent profit? I would sell and roll those funds into the next project, which you come in with more experience. There is no point in a negative cash flowing property unless you are buy and holding in extreme A+ class properties and banking completely on appreciate and debt reduction.