Podcast 54: Rising Mortgage Interest Costs: Sell or Continue Renting?
It's easy to say too bad, that's the consequence of being a landlord. But what if you are caught in this situation?
Mortgage interest costs have risen at the fastest pace in history, but the rental income isn't rising nearly fast enough to cover the payments. So what do you do if your tenant gave you their notice to move out, and renting it out again will put you in a horrible negative cash flow scenario? Do you take this opportunity to sell, when prices have declined by 15-20% or more, or do you continue to rent it out to a new tenant?
Let's talk about how we can navigate through this.
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