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.
General Real Estate Investing
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 9 months ago,

User Stats

6
Posts
2
Votes
Kent Smith
2
Votes |
6
Posts

To Sell or not to Sell

Kent Smith
Posted

Hi everyone!
We bought a house in DFW (Casa View area) 2 years ago thinking we would be moving in. Life circumstances changed and we ended up living out of state and renting it out. We have had basically zero to negative cashflow the whole time.

Purchased house for $260k at 3.8% 30-yr fixed
Current mortgage payment is around $1850. Rent payment is $1900.
House probably would sell for $285k.

We will not be moving into that property. It is the only house we own, and it is obviously a pain to manage.

If we sell it now we will be at a net negative on the whole thing, but won't have to mess with it anymore.

Are there any compelling reasons to hold onto this or can we just lick our wounds and free ourselves of the burden?
Emotionally, it sucks to take a hit and not own anything, but I don't want to fall into the sunk cost fallacy, and it would be nice to be out of the landlord game on a house that doesn't cash-flow positive.
All opinions greatly appreciated! Thanks in advance for your help.

Loading replies...