Rising interest rates, slim margins, and unexpected costs can kill a deal fast.

Just because the costs might be in the furture does not warrant not budgeting for those known expensesThen there is the misc costs of asset protection, bookkeeping, unexpected utilities (such as between tenants (tenant turn over) or failure not attributable to the tenant such as slab leak).  

I didn’t know the details about a project we’re working on, and it showed.Lesson learned: Always prepare thoroughly before each call and be ready for unexpected questions.Failures like this are uncomfortable, but they're how we grow.

Sharing your vision with real estate professionals, local investors, or even family and friends might uncover unexpected opportunities.

Rising interest rates, slim margins, and unexpected costs can kill a deal fast.

A couple of things happened in the last few months including a lump sum pay out for a retirement from a company for whom I previously worked and I inherited a modest sum unexpectedly. 

I personally feel that it is a liability people could use as an excuse for an accident they have if they are drunk.

I really needed some money from this hard money loan for some unexpected expenses that I had, so I had to go back and forth with them several times, but I did eventually get a payment.

If you truly don’t want to be misjudged by accident.

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!