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Updated 2 months ago,

User Stats

22
Posts
3
Votes
Alex N.
  • Investor
  • Jersey City, NJ
3
Votes |
22
Posts

Request for Feedback_Not Cash Flowing

Alex N.
  • Investor
  • Jersey City, NJ
Posted

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!

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