Financial Highlights•Acquisition Price: $72,000•Renovation Costs: $35,600•Total Investment: $107,600•Funds: raised from personal savings and private lenderHow did you add value to the deal?

Starting out in Section 8 housing may be a rewarding experience both financially and socially.Good luck!

They won’t offer financial advice or specifics about what they think you should do but are there to answer questions and help you look at things from different perspectives.

Hi Randall-Congratulations on buying a rental property well back in 2020.I am sorry to hear the property is now cashflow negative $200 a month.Your question is should you sell or continue to keep it with the negative cashflow.Depends on your personal goals and if being negative $200 a month plus any unexpected repairs or vacancies is affordable to you, but if you can solve the negative cashflow by turning the property into a furnished mid-term rental, for example, your future self may thank you.To Your Success!

At BPCON2025, you'll learn from industry leaders, connect with like-minded investors, and discover pathways to financial freedom.

All of them are financially qualified and sound: 1.

They can provide valuable insights.Run the Numbers: Create detailed financial projections for each property you're considering.

The floorplates and inefficient use of land (due to parking) make it difficult to create financially feasible and useful reuse projects. 

Essentially, it was one account with the bank tracking individual tenant details on your behalf.That said, it’s critical to ensure your financial records remain accurate by reconciling the account on a monthly basis.

It depends on your financial strength, the quality of the property, how many properties you own, etc.I like to start with one significant expense and three months of vacancy.