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by labcomputer
730 days ago
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Who is going to buy a house occupied with tenants and a negative $1k/month cash flow? Only someone who would pay less than the same house without tenants, which might not be enough to cover the outstanding balance of the mortgage, which means a short sale, which means you need the lender to approve (which they won’t). But sure, the GP is “crying”. |
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What incentive is there to own a negative income asset unless you are lying and you actually are net positive. Unless of course you are the latter and you are claiming that someone should bail you out?
"I'm completely underwater on this asset but if I sell I lose money" yeah that's how that works it's called an investment you can win or lose.