All Forum Posts by: Supada L.

@Joe Villeneuve Good analogy! And thank you for the advice. I would like to sell it and move forward, but I'm afraid I'd loose more if I sell this year because the house market in that area (Meridian, MS) is not great. I feel stuck. :(

@Michael Robbins I have not talked to my PM about the rent growth yet. I will keep that in mind when I call them next week. Thank you so much.

Hello,

Can anyone please give this first-time landlady some advice on this issue?

I bought a turnkey from Roofstock last summer. It is out of state and I have a PM to take care of it. It's supposed to cashflow about $100/mo. But there have been a lot of fixings and left me with negative cashflow. The major fix was on the gas line, one on tub drain, and a couple minor fixes like clogged pipe.

What should I do with this property? Should I keep it and hope it would cashflow this year or plan to sell it? What would be the worst thing that could happen if I keep having negative cashflow year after year? This situation makes me nervous about rental investment now. :(

Just wonder if you would invest in stocks, as people say it's time to buy, or a rental property? I'd love to hear your opinions.

@Dan Burstain Thanks for the advice. Yes. My goal is to increase my cash flow so that if I can have some security for a rainy day. :)

@Anthoney Hanks Nice to meet you too! I also live in TX, Austin to be exact. You may know the market is Austin is crazy. That's why I'm looking out of my area. :)

Hello!

I'm interested in long-distance BRRRRing. I have been looking for local lending in the meantime as well. I'm still looking for a market to invest in. Any advice would be appreciated.