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!

Hey Pete - That’s awesome to hear about your success over the past six months!

So I'm strongly considering adding a handful of these to my buy & hold portfolio.I understand that there's no "risk-free" method to acquiring these properties subto, but have any of you had success over the long-term acquiring properties with VA loans attached?

Do not buy for appreciation in class C neighborhoodsAfter many conversations with successful investors and my own experience, successful investors focus on the following:1.

We are seeing a lot of success with flips/BRRRR strategy all over the state.

I just can't imagine why you would liquidate your successful, growing real estate holdings to send your money off to something that is super risky and doesn't pay that well over the long term.

So working with your buyer to negotiate as much value as possible to the real estate and least possible to the business will help to lower your taxes further.

I have used ALE successfully but 4X rent is not what we got we got 2X there is a limit in the insurance polices as to what the insurance will pay but its a decent move at least it was for us

I was able to negotiate about 10% discount that was purely circumstantial, I'll let time do the appreciating passively instead of running a 6 months construction project with holding cost.

It was a value add and we would potentially be able to make money in a flip How did you find this deal and how did you negotiate it?