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re: Could you help me understand taxes and my rental property?

Posted on 3/11/16 at 10:48 am to
Posted by StringedInstruments
Member since Oct 2013
18482 posts
Posted on 3/11/16 at 10:48 am to
Mortgage without the extras is $795/month. $173 for PMI. $70 for property taxes. About $90 for insurance.

30 year. Refinanced in 2013.
This post was edited on 3/11/16 at 10:49 am
Posted by Oenophile Brah
The Edge of Sanity
Member since Jan 2013
7544 posts
Posted on 3/11/16 at 11:01 am to
Why do you own this?
Did you inherit an upside down property?
I was hoping with those numbers you were on a 15-20 year mortgage. That PMI is an albatross.

Mortgage about $170k? What do you think it's worth?

From what little bit I can tell, I would strongly look at selling.


ETA:
quote:

You need to sell that property ASAP

You beat me to it.
This post was edited on 3/11/16 at 11:03 am
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