If I had an asset producing structurally negative cash flow I would take the equity out and invest it in something else. You would have to have huge expectations of future capital growth to make it economically rational to keep bleeding cash in.
Transaction costs on the way out aren't so bad I suppose? But yes, loss of ability to discuss your burgeoning BTL portfolio at dinner parties must be taken into consideration :-D
If I had an asset producing structurally negative cash flow I would take the equity out and invest it in something else. You would have to have huge expectations of future capital growth to make it economically rational to keep bleeding cash in.