Hi all, I’m looking for practical strategies from people who have dealt with negative cashflow properties and managed to exit without heavy upfront losses.
My situation:
2 condo units in Damansara Damai (strata title available, but I haven't done it)
Unit 1:
Rent: RM1,500
Loan: RM2,100
Unit 2:
Rent: RM1,550
Loan: RM2,300
Maintenance: ~RM500 total
Total monthly loss: ~RM1,850 (~RM22K/year)
Loan balance: ~400k both, took moratorium
I’ve been trying to sell for the last 3 years, but no successful transactions so far. Some developers units are still available. My agent mostly suggests upgrading/furnishing to increase rent, but even with higher rent, I’ll likely still be negative.
Constraints:
I don’t have large spare cash to absorb big losses (only ~RM30K. This is my emergency fund now, but if I can exit with this amount, I have a second emergency fund to fall back)
Ideally want to exit at least 1 unit first to reduce monthly burn
Open to selling below purchase price, but cannot afford large cash top-ups
What I’m looking for:
Real strategies people have used to exit similar situations
Ways to structure a sale to minimize or avoid upfront cash loss
Creative options (refinancing, pricing strategies, targeting specific buyers, etc.)
Whether selling 1 unit first is the best move, or if there’s a smarter sequencing
If you’ve been in a similar situation, I’d really appreciate hearing what actually worked for you. DM is welcome too.
TIA.