Negative Buy and Hold

[Lilly Olabre]

Hi! I'm in the middle of my first flip right now and rehab costs are going over my initial estimate. I was thinking about keeping it as a rental in case it wouldn't sell as much as I thought it would. I think it'll show as negative initially if I keep it as a rental and I'm wondering if anyone has held on to a property at a negative initially and just wait a few years for appreciation? Or is this just a no-no because it's too risky or is this something other investors have done?

[Ryan Kelly]

@Lilly Olabre it would all depend on your options. If a long-term rental won't cash flow positive, what about a short-term rental? Rent by the room? Mid-term rental (furnished 30+ days)? There are lots of different ways to make a property cash flow but it all depends on what you CAN do and what you WANT to do if you keep it.