Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated 21 minutes ago,

User Stats

3
Posts
0
Votes
Ryan Johnston
  • Rental Property Investor
  • Oklahoma City, OK
0
Votes |
3
Posts

Should I sell or keep my long-term rental when it isn't cash flowing?? Please HELP

Ryan Johnston
  • Rental Property Investor
  • Oklahoma City, OK
Posted

I bought this property as a brand-new turn-key property in December 2022 (3bed & 2bath-1544 sq-ft). Lived in the house for 1 year. For most of the 1st year I house hacked and rented out my 2 spare bedrooms, for 6 months that covered the mortgage. After that I moved out and did Airbnb for 4-6 months but struggled keeping up with it not living in the same city anymore, so I switched it to a long-term rental. I'm having to offer this as a fully furnished house to be able to charge a premium on rent just to get close to the mortgage. I've kept it rented out consistently, however, I'm negative $75-$150 in cash flow a month. Mortgage rates have kept increasing as well, that's why I put a range on negative cash flow. Thanks for reading!

Loading replies...