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Updated 2 months ago,
Request for Feedback_Not Cash Flowing
All:
Really appreciate the community here and the hive mind. I have a few properties in Durham which I obtained as a 1031 in 2022 or so, and they are currently not really cash flowing. Here's a sample monthly for one property:
Gross Rent: $1990
Mortgage: 1770
Tax: 209
Insurance: 119
Management: 199
SO that's about a loss of $300/mo.
A few solutions I can think of:
- Refi loans
- Increase rents
- Cheaper insurance
- Eliminate management
- Fight taxes
- Pay mortgage
Any thoughts? Much appreciate you input here!