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Updated over 2 years ago, 08/30/2022

User Stats

55
Posts
18
Votes
Michael Mackney
Pro Member
  • New to Real Estate
  • Long Island
18
Votes |
55
Posts

First rental property not cash flowing

Michael Mackney
Pro Member
  • New to Real Estate
  • Long Island
Posted

Hey everyone. I've had a duplex for the last 5 months in a C/C+ area. Original numbers and inspection report made it look like on paper that I would be cash flowing after raising rents to market rents but month after month so far, something maintenence wise comes up that leaves me in the red a few hundred a month after I calculate reserves, property management, etc. The market in the area has overall appreciated but I don't know if I can simply rely on appreciation to offset negative cash flow.

Should I sell with the appreciated price and use it as a learning experience before moving into an area that might have less maintenence issues or try and hold on to it?

  • Michael Mackney
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