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Updated over 5 years ago,

User Stats

26
Posts
4
Votes
Negar P.
4
Votes |
26
Posts

Anyway to turn my lemon into lemonade?

Negar P.
Posted

Hi all,

My husband and I are newbies in investing. Have been reading books and listening to podcasts to educate ourselves before making an investment. However, meanwhile I am having a dilemma! The more I read the more I understand that our primary residence purchase in 2017 was a huge mistake! 

We live in Orange County in Southern California... Based on my calculations, our house has a negative cashflow of $800 and looking into its 10-year forecast it will continue to have high negative cashflow. It is also not wise to sell the house at this point because the proceedings will be way less than our initial down payment (20%)

Any ideas how to make this situation less financially hindering?

I really appreciate any help on this.

Thank you all

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