Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Real Estate News & Current Events
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 4 years ago on . Most recent reply

User Stats

77
Posts
28
Votes
Andy C.
  • San Mateo, CA
28
Votes |
77
Posts

Selling house at a loss - what next?

Andy C.
  • San Mateo, CA
Posted

Hi BP,

I own a property in SF Bay Area and and selling the property at a loss. The rental market has been hurt as you know. And the/my timelines and horizon for return have changed for obvious reasons.

That all said...I am taking a loss in terms of fees, rental income etc. And will be able to recoup some down payment.

My question is...the same question some have asked me...what would you do next given this environment? There are tax benefits/take paper losses , 1031 out of question bc no gains, go to new market, hold cash, buy Bitcoin as hedge against inflation etc etc.

It's an open ended question on purpose because I'm really curious to hear this community thoughts perspective and advice.

Thanks in advance for contributing!

Most Popular Reply

User Stats

17,521
Posts
30,286
Votes
Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
30,286
Votes |
17,521
Posts
Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
ModeratorReplied

Every time Ive lost money, I double down to make my losses back. 

business profile image
District Invest Group
5.0 stars
44 Reviews

Loading replies...