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Re: Negative cash flow - Sell or Improve!

Thanks once again for all the comments. If I use the formulas that Sulvar suggested my numbers look like this: Cash Flow: -3060 Profitability(Taking into account Depreciation): -6170 Profitability(Without taking into account depreciation): +1030 I can probably improve my profitability by $1500 or so...
by boshyd
Thu Jan 31, 2013 12:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Negative cash flow - Sell or Improve!
Replies: 12
Views: 1092

Re: Negative cash flow - Sell or Improve!

Hi All, Thanks for all the comments. To answer some of your questions: 1) What is your time worth? I have a day job but am free evenings and weekends, ample time to manage the rental. 2) If you sold it for a loss would you be able to claim a capital loss and deduct it on your taxes. I believe so. I ...
by boshyd
Thu Jan 31, 2013 10:52 am
 
Forum: Personal Finance (Not Investing)
Topic: Negative cash flow - Sell or Improve!
Replies: 12
Views: 1092

Negative cash flow - Sell or Improve!

I am having a hard time figuring out if I should hold onto my rental property or sell it. I am what you call the accidental landlord. I converted my condo into a rental back in Oct 2011. The value at conversion was 200K. I bought the condo at 222,000 and currently owe the bank 188,000 on this. If I ...
by boshyd
Wed Jan 30, 2013 5:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: Negative cash flow - Sell or Improve!
Replies: 12
Views: 1092

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