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Reply to "Financially speaking should we sell or keep our condo as a rental?"
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[quote=Anonymous]If we sell our condo, we could most likely break even. If we keep it, based on the mortgage and the monthly rents for the area, we would most likely have a negative cash flow of $100 to $200 dollars per month once we factor in everything. Is it worth it in the long run to keep it even with the negative cash flow since one day it would be predominantly paid off by renters and we would own it? Is it better instead to just let it go and then later on down the road find a rental property with positive cash flow? Although, I am not sure at what point in life we would have enough cash on hand to qualify for a rental mortgage.[/quote]
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