Get as much as an EXACT figure of your mortgage payment for the place including tax benefits (speak to a CPA) and compare it against what you get for renting it out. Agreed, there will a “loss” at the moment. Figure out how much is the annual loss.. 5K..10K ? Every investment has its set of risks involved and this is a time when RE investment is not profitable for most …and so are various other investment avenues not 100% profitable either.
Think ..are you brave enough with the loss amount right now ? Think long term here … Its all up to your mental state and mettle. Don’t just listen to just 1 section of crowd with purely sky is falling negative sentiment and make up your mind. Remember …everyone lives a “influenced” life …be aware of who or what s influencing you. How successful are the people who are advising you … etc etc blah blah 🙂
PS: Ok fellas, time for you guys to cut me into pieces! 🙂
