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re: Thinking of selling our rental property

Posted on 4/11/14 at 5:20 pm to
Posted by LSUFanHouston
NOLA
Member since Jul 2009
37240 posts
Posted on 4/11/14 at 5:20 pm to
quote:

Right now we are pretty much at a point where we arent able to save money monthly with both mortgages and a car note, student loan, etc.


So what happens when something big breaks on the rental property and you have to spend $3,000 to get it fixed? Do you have the money for that? Do you have the ability to finance that?

quote:

Also, for a year we are going to one income because she starts school in june.


If you can't save additional money now with two incomes, how are you going to be able to live on one income?

Posted by Happygilmore
Happy Place
Member since Mar 2009
1810 posts
Posted on 4/11/14 at 7:43 pm to
These are the obstacles I am seeing as potential problems.
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