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Updated almost 6 years ago,

User Stats

14
Posts
2
Votes
Skyler Milton
  • Rental Property Investor
  • Augusta, GA
2
Votes |
14
Posts

Negative or Positive Cash Flow?

Skyler Milton
  • Rental Property Investor
  • Augusta, GA
Posted

3bd2bath 2110sqft pool and pool house

Value138k

No repairs

Remaining balance is 125k

20 years left on loan

Mortgage (Piti) $1400

Rents in area $800-$1000

I could either sub 2 or LO to buy. But as far as exit strategy, rents are too low in area to cash flow. Would rent credits help? Or separate principle and interest and pay taxes yearly and mortgage quarterly? If not Airbnb? Or just walk away?

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