Request for Feedback_Not Cash Flowing

[Alex N.]

All: 

Really appreciate the community here and the hive mind. I have a few properties in Durham which I obtained as a 1031 in 2022 or so, and they are currently not really cash flowing. Here's a sample monthly for one property:

Gross Rent: $1990

Mortgage: 1770

Tax: 209

Insurance: 119

Management: 199

SO that's about a loss of $300/mo. 

A few solutions I can think of: 

• Refi loans
• Increase rents
• Cheaper insurance
• Eliminate management
• Fight taxes
• Pay mortgage

Any thoughts? Much appreciate you input here!

[Jason Wray]

Do a cash out refinance to offset any credit card or installment loan with a rate above 9% to offset the loss until you have the ability to sell ot or transition into a STR.