Negative Cashflow - STR

[Joseph Shuster]

I finished a BRRR in the Smokies- now I'm short term renting it out. Losing money but created a ton of equity.

House is amazing and I want to hold long term but hemerging a bunch of cash right now.

What do I do?

Thank you 🙏 

[Ryan Moyer]

Honestly, I would sell it now while there are still an endless supply of foolish newbie investors out there that have the capital to throw around $2M with no underwriting skills and assume they'll cashflow based on bad advice from realtors and youtubers.

Eventually once everyone starts wisening up to these investment-only properties being a negative investment, prices will start falling and you might lose that equity.  I have no idea how long that will take though because there are a lot of people out there right now with more money than sense buying these deals that will never cash flow and then complaining that they can't cash flow.