You bought a rental property and…it’s losing money. You can’t find any tenants, your cash flow is in the trash, and your property manager won’t even pick up the phone. What went wrong? Which red flags of this real estate deal could you have seen coming, and which should you be sure NEVER to repeat so you can build wealth instead of throwing away money every month? This situation is far more common than most people think, but getting out of a bad deal isn’t impossible.
David Greene has been investing for over a decade, and he’s had his fair share of flops. But today, he’s taking a deal submitted from a real BiggerPockets user to try and salvage what’s left of this cash flow-negative, underperforming rental property. And, if you’re currently investing in real estate, there’s a fair chance you, too, have a rental property like this in your portfolio. So stick around if you want to know how to get out of a bad deal without losing all of your hair (sorry, David).
Do you have a deal that went wrong? Need advice on a problem property? Give us your deal’s details in the comments below, and David may just pick you for our next round!
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Hear David on the "BiggerPockets Real Estate" Podcast:
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Can You Find Success With Turnkey
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6 Pros & Cons of Investing in Turnkey
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Losing Money on Your First Real Estate
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4 Important Steps to Bounce Back After Losing Money on a
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Recommended Reading >> bit.ly/32kRpzw
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