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Updated about 7 years ago on . Most recent reply

User Stats

83
Posts
39
Votes
Timothy Casallas
  • Real Estate Agent
  • Queens, NY
39
Votes |
83
Posts

Advice about 2 Properties that Break Even

Timothy Casallas
  • Real Estate Agent
  • Queens, NY
Posted

Hello BP,

My first 2 properties (and my only 2 rentals), are both breaking even on cashflow after I account for Vacancies, Repairs, CapEX, PM etc. I don't consider it a loss because I have learned a lot from both. The first is a SFH in NC was bought with a VA loan for 0% down. The second property is a Single Family Condo. I won't be doing condos anymore because HOA's are killer.

Anyway, I am asking advice to see how I should go about dealing with these properties. Should I try sell one and use the equity to pay off a piece of the mortgage of the other so that maybe it can cashflow better. Should I just hold on to both and be patient with them and start brand new with a newer property. What would you guys do in my shoes?

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