Starting Out
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 5 years ago,
Anyway to turn my lemon into lemonade?
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