[quote=finance_king]I could possibly pay down the loan with pitching more money into the “investment” hoping to make it positively geared. If I can do that, then I will cap off the amount I paid to buy the house, and the renter will pay the rest.
This is all banking on the fact that we aren’t going to be in a 20 depression. But, if that happens, I think I have bigger problems then this house.[/quote]
Before you even consider the economics, I would only consider keeping it as a rental if you want to be a landlord over the long term and if the property makes sense as an investment property.
How much would you net in a sale ? (Sale price minus closing costs/commisions, use ~ 7% as a guesstimate).
Sounds like negative cash flow of $200 per month. How much principal are you paying each month ?
