What would you do in this situation?
I have a sfh rented at 2000/mo. It costs me 2500/mo. (Im paying out of pocket 500/mo). I have 100000 in equity on the property. Refi for positive cash flow, or sell?
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@Tony Bevilacqua I have a different opinion here. Don't sell just yet. Look at your numbers more deeply. How much longer will you have this negative cash flow? Look at ways to decrease that $2500. Get more equity. Remember - when you sell, your loss will be realized. When you are still holding it, the game isn't over yet and you still have a chance to turn it around. Let me know if upi have trouble decreasing operating expense. I operate mobile home parks where I decreases many expenses in half on day one. So I might be able to help a little.