Intro

[Kimar Abdul-Samad]

Hey folks,

Im in a current underwater mortgage that will not yield any cashflow upon renting.  However, Im looking to make some moves.  I was approved for a loan contingent upon rental income for my current property, but the rental wouldn't provide any more than the cost of the mortgage.  Even as a beginner, I know that negative cashflow is not good.  If it came down to it, I could make two mortgage payments in a vacancy situation, but we all know that there has to be some cashflow toward repairs.  Im not just seeking an investment property.  I would like to relocate as well.  Which would be better to do first?  What are some options that I can utilize?  T  I refuse to let this deter my goals of attaining more property.