Hey BP! Got yet another obstacle, a subject worthy of discussion! I've made an investment in Menifee, CA. A single family long term hold in the hopes of this city growing with amazing returns in terms of appreciation(cash flow negative however). To date, I have not owned the property but a year and when researching about the city, I am starting to see poor metrics about the performance of the city in the recent year or two. It is a negative cash flow property, and the metrics within the last year seem to be poor. I think it would be safe to say that this was a bad investment and hemorrhaging monthly cashflow to supplement the mortgage would be a poor idea in the long run. But I do submit to the fact of not knowing everything about real estate and wonder if I need to consider anything else before venturing into the idea of selling off this loss(would be my first sell). Like always thank you guys in advance!
