Disposing of Currently Rented Property

[Michael Modesto]

Hello everyone.

I'd like to dispose of one of my rentals here in CA.   Since it is cashflow negative, and just recently above water in equity, my plan is to dispose of this house.  This will free me up to acquire more 'real' investment properties that produce cash flow.

The current tenant signed a 2 year lease which doesn't end until Jan '16.

What are my options for getting rid of this property?  Some that I've thought of are:

- Wait until the lease is up, then sell.

- Talk to the tenant to see if they're interested in buying the home. If so, work out a deal.

- Try to sell to an investor who can assume the lease.  (I assume this is very hard in CA since deal is cash flow negative.)

Thanks in advance for your input!

[Dawn Anastasi]

Advertise on the Marketplace.  Someone may want it even if its cash flow negative as they will wait for it to appreciate then sell for a profit.