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re: Could you help me understand taxes and my rental property?
Posted on 3/11/16 at 11:01 am to StringedInstruments
Posted on 3/11/16 at 11:01 am to StringedInstruments
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:
You beat me to it.
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
1
Posted on 3/11/16 at 11:04 am to Oenophile Brah
Classic case really - wife and I had jobs at 23. Parents said we should be buy a house. Exact quote from my dad - "You'll either make money on it or at worst break even." Bought the house at $179k in 2008. I think you know what happened next.
I think k could get $170k for it. Principal is at $161k now. Zillow estimate is $181k.
I'm hoping my current tenants buy it.
I think k could get $170k for it. Principal is at $161k now. Zillow estimate is $181k.
I'm hoping my current tenants buy it.
This post was edited on 3/11/16 at 11:11 am
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