What to do if mortgage is to high to rent?

[Joe S.]

I need some ideas. What would you do if you had a house that was big and nice, but the mortgage payment, as well as the solar panel payments equaled more than you could rent it for?

[Cassi Justiz]

1. Refi your mortgage to a lower interest rate to make the number's work. 

2. Sell the house and take the equity and buy something that does cashflow. 

3. Utilize a creative rental strategy that allows you to rent for a higher rate (Airbnb, rent by the room, furnished rental, etc).

 I personally wouldn't want a cashflow negative property. But there are some people that are are okay with negative cashflow. 

Also, it's worth noting that solar panels that have a payment attached to them will generally not bring much value to the home. If you are close to being able to pay them off, it may be worth it but I'd consult an appraiser or agent that is familiar with your area before doing so.  Buyers will generally need to qualify to take over the payment in addition to the mortgage payment.