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Updated 4 days ago, 12/23/2024
Sell or hold?
I have had a rental property that I bought 2020. Initially, I was cash flowing, but 2023 and 2024, I have been negative cash flowing. Since I bought this house during Covid, equity has dramatically gone up. I have not been concerned about negative cash flowing due to gaining so much equity. Now that the housing market is slowly settling, should I sell and get out the equity I have? or should I keep it and continue to lose about $200 a month?