I need some advice...

[hyipo]

Hello all, I am new to this site and from some of the posts I have read I can see there are some real pro's here. Here is my problem. I have a rental home in North Carolina that I bought 10 months ago, I have rented it out to a possibly long term (life) renter. I bought the home with an 80%- 20% loan with the payments coming to $1340 a month. Rent is at $1100 a month. I am losing $240 a month on this property and I want to create either a zero balance or postitive cash flow. I am not sure how I can achive this. The 20% loan has a balance of $30,000 and I have about $15,000 to play with and I am thinking about refinacing that loan but I don't know to much about refi, points and fees etc... The home was built in 2006 and all it needs is a fence and some sod so after I do that I will increase the rent by $25-$40 a month closening the gap, but that still leaves me in the negative. Does anyone have any ideas that they can share to help me get back to the black??? Thanks for the help.

[Edward]

Sorry friend iam auanble to suggest you any thing. But i am sure that your issue can be easily solved. Well i know that real estate investment is good, so to do any thing else you can invest in it. It will be surely profitable to you.

[beekis]

I think that’s better … you can have a search online for the various options. I was too on the way of planning my investments in a better way and had found a good investing company that really helped me to plan good investments in http://www.ira-401k-realestate.com/IYF-Video-Opt-In/. There are many types of investments and I hope that investing in real estate.
will be a good option for you.