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Updated about 8 years ago, 10/17/2016

User Stats

56
Posts
24
Votes
Jeff Stansberry
  • Corona, CA
24
Votes |
56
Posts

Advice to make a positive cash flow

Jeff Stansberry
  • Corona, CA
Posted

Hello,

My first and only rental property I purchased in 2007. It is a 2b/1b 2 Unit Duplex and was purchased for 240k and now worth 130k (for obvious reasons). Due to the recession I had to lower rents to stay competitive which gave me a negative NOI and I refinanced to secure a lower interest rate which raised my monthly payments a bit.

I have a negative of around $250 a month. I can't lower my rate anymore because of the value of the property. Nor do I have money to pay the loan down. 

Would it be worth it to to small kitchen rehabs and try to raise the rents? Both units are occupied. 

I'm looking for a little advice on how to change things to possibly create a positive cash flow.

Thanks

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