Loan balance is 280k, value is over 500k, cash flows about $1300…went to apply for a business line of credit thru my operating LLC and was denied due to losses in last years schedule E…the idea was that I use the LOC to help pay for a down payment.

We're mourning the loss of friends and neighbors, some of which haven't been found yet, not to mention favorite places, small businesses, animals, you name it.

While some investors have experienced significant success, others have faced substantial losses.

There is no loss of use.

Oh by the way, up until i started selling, i hadn't paid income taxes on any of the rental profits for almost 14 years and even after I started selling, my carry forward losses covered everything up until last year when they finall ran out.If you buy right, sfh rentals are the best long term investment you will ever make.

It's also a bummer to be a creditor to someone who's over leveraged and putting investments on credit cards even if they are interest free for 21 months.I wonder what your reserves are like, both for your investments and for your ability to withstand a loss of a job or income.

I have decided to sell my place at a potential loss.

I’m also happy to make an introduction to the chicago realtor I use for my investments there, Ali Bakir, I almost have $10K in free cashflow on my triplex there now.PatTurning investment visions into reality in Phoenix, AZ - Ranked #1 for residential real estate growth and opportunity by PwC

NOI is simply your profit and loss statement which doesn’t include reserves since reserves aren’t an actual expense.

Well because foreclosures, tax liens, job losses, all these people in these kinds of circumstances, do not want to sell their house, they want to keep their house.