Updated over 8 years ago on . Most recent reply
Advice about 2 Properties that Break Even
Hello BP,
My first 2 properties (and my only 2 rentals), are both breaking even on cashflow after I account for Vacancies, Repairs, CapEX, PM etc. I don't consider it a loss because I have learned a lot from both. The first is a SFH in NC was bought with a VA loan for 0% down. The second property is a Single Family Condo. I won't be doing condos anymore because HOA's are killer.
Anyway, I am asking advice to see how I should go about dealing with these properties. Should I try sell one and use the equity to pay off a piece of the mortgage of the other so that maybe it can cashflow better. Should I just hold on to both and be patient with them and start brand new with a newer property. What would you guys do in my shoes?