Negative monthly cash flow
Currently I have a home in Alabama on a streamline va loan that I recently refinanced. It is a 15yr loan at 3.25% and the balance is 119k. The nearby comps indicate that I'm about even. I collect $765 a month after pm fees and my mortgage is just under $1000. Any ideas to bring it to positive cash flow? Or at least break even? Every six month I'm knocking $3500 off the mortgage and in about five years I could sell for a profit but I rather not continue paying $200 a month in the mean time. The option to do away with the pm is not practical I live in Washington. I thought I had a good idea by doing the 15 yr refin and save $60k in interest over the life of the loan. But that proves to be wrong for cash flow and I wasn't looking into actually become an rei till recently. Thank you all in advance for advice and for being welcoming to a newbie.
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I had the same insurance for years, and after looking at the slow increase in premiums over time they had doubled my premiums. Call around and see what other offers are out there.