Home › Forums › Closed Forums › Buying and Selling RE › FB turned landlord
- This topic has 180 replies, 14 voices, and was last updated 17 years, 8 months ago by
Running Bear.
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March 29, 2008 at 12:51 AM #178463March 29, 2008 at 1:04 AM #178013
Tavo
Participant“You’re already at a 70K loss on the condo. If you can, get out now.”
“If you can get out” seems to be the key question. Otherwise, no way will I just eat $70k in one shot. Even if I sink $1k per mo. for 3 yrs it’ll only be $36k. Consider loss of rent, maintennace, etc..$50k, but I’ll have the very small chance of a turnaround (small chance, I know)
March 29, 2008 at 1:04 AM #178369Participant“You’re already at a 70K loss on the condo. If you can, get out now.”
“If you can get out” seems to be the key question. Otherwise, no way will I just eat $70k in one shot. Even if I sink $1k per mo. for 3 yrs it’ll only be $36k. Consider loss of rent, maintennace, etc..$50k, but I’ll have the very small chance of a turnaround (small chance, I know)
March 29, 2008 at 1:04 AM #178372Participant“You’re already at a 70K loss on the condo. If you can, get out now.”
“If you can get out” seems to be the key question. Otherwise, no way will I just eat $70k in one shot. Even if I sink $1k per mo. for 3 yrs it’ll only be $36k. Consider loss of rent, maintennace, etc..$50k, but I’ll have the very small chance of a turnaround (small chance, I know)
March 29, 2008 at 1:04 AM #178381Participant“You’re already at a 70K loss on the condo. If you can, get out now.”
“If you can get out” seems to be the key question. Otherwise, no way will I just eat $70k in one shot. Even if I sink $1k per mo. for 3 yrs it’ll only be $36k. Consider loss of rent, maintennace, etc..$50k, but I’ll have the very small chance of a turnaround (small chance, I know)
March 29, 2008 at 1:04 AM #178468Participant“You’re already at a 70K loss on the condo. If you can, get out now.”
“If you can get out” seems to be the key question. Otherwise, no way will I just eat $70k in one shot. Even if I sink $1k per mo. for 3 yrs it’ll only be $36k. Consider loss of rent, maintennace, etc..$50k, but I’ll have the very small chance of a turnaround (small chance, I know)
March 29, 2008 at 1:18 AM #178018Anonymous
GuestYeah, I know you don’t want to eat 70K in one shot. The other question is how much more is it gonna depreciate AND how how long will you have to sink 1k into it. It could be longer than 3 years.
March 29, 2008 at 1:18 AM #178374GuestYeah, I know you don’t want to eat 70K in one shot. The other question is how much more is it gonna depreciate AND how how long will you have to sink 1k into it. It could be longer than 3 years.
March 29, 2008 at 1:18 AM #178377GuestYeah, I know you don’t want to eat 70K in one shot. The other question is how much more is it gonna depreciate AND how how long will you have to sink 1k into it. It could be longer than 3 years.
March 29, 2008 at 1:18 AM #178386GuestYeah, I know you don’t want to eat 70K in one shot. The other question is how much more is it gonna depreciate AND how how long will you have to sink 1k into it. It could be longer than 3 years.
March 29, 2008 at 1:18 AM #178473GuestYeah, I know you don’t want to eat 70K in one shot. The other question is how much more is it gonna depreciate AND how how long will you have to sink 1k into it. It could be longer than 3 years.
March 29, 2008 at 8:04 AM #178028vagabondo
ParticipantWhy is good credit important? Set aside all the financial and self work implication – there are other, more meaningful ramifications.
The fact is, employers are increasingly using credit scores to filter prospective candidates. As we head deeper into this recession, the pool of qualified candidates will grow for each open position. If your credit history is sub par, you may be at a disadvantage when compared to your competition.
March 29, 2008 at 8:04 AM #178384ParticipantWhy is good credit important? Set aside all the financial and self work implication – there are other, more meaningful ramifications.
The fact is, employers are increasingly using credit scores to filter prospective candidates. As we head deeper into this recession, the pool of qualified candidates will grow for each open position. If your credit history is sub par, you may be at a disadvantage when compared to your competition.
March 29, 2008 at 8:04 AM #178387ParticipantWhy is good credit important? Set aside all the financial and self work implication – there are other, more meaningful ramifications.
The fact is, employers are increasingly using credit scores to filter prospective candidates. As we head deeper into this recession, the pool of qualified candidates will grow for each open position. If your credit history is sub par, you may be at a disadvantage when compared to your competition.
March 29, 2008 at 8:04 AM #178396ParticipantWhy is good credit important? Set aside all the financial and self work implication – there are other, more meaningful ramifications.
The fact is, employers are increasingly using credit scores to filter prospective candidates. As we head deeper into this recession, the pool of qualified candidates will grow for each open position. If your credit history is sub par, you may be at a disadvantage when compared to your competition.
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