Updated about 2 years ago on . Most recent reply
Cash flow neutral vs Sell
BP,
BLUF: Based on raise in HOA/fees in our current home and the decrease in rent based on current market there is a possibility that we would have to rent at cash flow neutral.
Our initial decision to rent was based on the data at the time (4 months ago). At that point we would cash flow approx $250-300. Since then, rent has decreased by about $100-150 and we are expecting HOA fees to increase $100-125.
We never decided to rent based on cash flow. Primarily, based on the area, we are looking at long term appreciation. However, there are risks to not having cash flow as well.
What would you do?
thanks!