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re: I Finally Might Sell My House I Haven't Lived In for 5 Months...
Posted on 11/21/12 at 2:21 pm to WikiTiger
Posted on 11/21/12 at 2:21 pm to WikiTiger
quote:
why not just rent it out?
Because I now live 700 miles away and I know nothing about real estate or renting/leasing. I just want to be out from underneath this house, so I will sell it for a loss and move on with my life.
Frick the housing bubble.
1
Posted on 11/21/12 at 2:23 pm to white perch
quote:
Because I now live 700 miles away and I know nothing about real estate or renting/leasing.
You could have hired a property manager for 10% of the rent to take care of everything for you.
Of course, the benefits of doing that depend on what you could rent it out for vs. what you are paying in principle, insurance and taxes.
Might have been better than taking a $25,000 haircut though
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