All Forum Posts by: Matthew Lewis

Also, consider giving seller concessions. That will help bring you a buyer. If you want to have such a large negative cash flow that is 100% up to you. It would help come tax season & a tenant paying down your loan but that's about all. Don't forget property management fees.

Happy to help. Best of luck.

I have a FHA loan. It is 4.875%. YES, with property management fees and everything else I'd still be paying $650 a month to rent it out. While that is not ideal it's still much better than pay almost $3,000 now to hold on to while I try to sell.

0 Votes

Fort Worth, Texas

Quote from @Caleb Brown:

I would sell. TX has been moving slower, it's not the red hot market compared to previous years. What is your agent telling you? Are the photos good? Is it priced right?

The photos are good but we may be stilled priced high. Other homes have now dropped in price to under 300k. We are thinking of doing the same.

0 Votes

Fort Worth, Texas

Hello,

I am new to investing and have a question about my primary residence in fort worth TX. I moved to another state for a job. I have been trying to seel my phone but have not had much luck due to the market. I owe about $292,000 and asking for $305,000. My company will cover the realtor fees and closing costs due to a relocation package. My monthly payment is $2562 a month for mortageg, tax and insurance. If I rent it out I might can get $2100-2300. Do i continue to wait it out and try to sell or do i look to rent it out even though I won't cash flow on the home?

1 Vote

Fort Worth, Texas

All Forum Posts by: Matthew Lewis

Matthew Lewis has started 1 posts and replied 3 times.

Post: Sell or rent my home with little equity

Post: Sell or rent my home with little equity

Post: Sell or rent my home with little equity