I bought a property last year with negative cashflow.
I bought it because of its good location, potential to appreciate and because of the rarity of properties for sale in that area, which I have been targeting for quite some time. However, the bad point is I would be in negative cash flow every month.
I calculated the time to expiry of the current tenancy, and decided to bear with it. So when it expired last August, I raised the rent. I checked the current market rate and persuaded the tenant to accept it 2 months before expiry, we negotiated back and forth. Thankfully, they accepted it.
So now, I have gone from negative to "0" cashflow. And my property paper value has appreciated.
So I am thankful! Yeah!