Fair enough. What specifically bothers you about it?
[quote]
2. For the last 6 months I’ve been losing close to $200/month on the rental due to tax/escrow increases over the years. I had long term tenants and did not increase the rent.
[/quote]
Well, are you talking about just that your cash flow is negative $200/month, or is it you are really $200/month, once you factor in that as part of your payments, the tenant is paying the principal part of your mortage too.
[quote]
My current/primary house needs work. I bought it fairly cheap during the housing crisis years.
My plan was to sell both properties and buy a house that doesn’t need improvements. I’m also considering buying a house closer to work.
I do have enough equity to lower the price – and yet I’m not desperate to sell (yet).
A house very close to mine but 300+ sq ft smaller just sold in 5 days for 330k. It was a single story though.[/quote]
With the new adjusted rent, are you going to be cash flow+?
