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Viewing 15 posts - 61 through 75 (of 111 total)
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  • January 14, 2011 at 1:29 PM #654902
    Diego Mamani
    Participant

    Hard to say anything without more info.
    1. The $50K you’d lose today, what % is that of the price you paid?
    2. What % equity do you have in the house?
    3. Is your mortgage for 30 yrs? Fixed rate?
    4. How many years left in your mortgage?
    5. The $200 monthly loss, is that after subtracting PITI only from the rent? Or do you also include an allowance for reserves, maintenance, operating expenses (other than PITI), and vacancies?

    January 14, 2011 at 2:10 PM #653830
    Anonymous
    Guest

    I could possibly pay down the loan with pitching more money into the “investment” hoping to make it positively geared. If I can do that, then I will cap off the amount I paid to buy the house, and the renter will pay the rest.

    This is all banking on the fact that we aren’t going to be in a 20 depression. But, if that happens, I think I have bigger problems then this house.

    January 14, 2011 at 2:10 PM #653897
    Anonymous
    Guest

    I could possibly pay down the loan with pitching more money into the “investment” hoping to make it positively geared. If I can do that, then I will cap off the amount I paid to buy the house, and the renter will pay the rest.

    This is all banking on the fact that we aren’t going to be in a 20 depression. But, if that happens, I think I have bigger problems then this house.

    January 14, 2011 at 2:10 PM #654483
    Anonymous
    Guest

    I could possibly pay down the loan with pitching more money into the “investment” hoping to make it positively geared. If I can do that, then I will cap off the amount I paid to buy the house, and the renter will pay the rest.

    This is all banking on the fact that we aren’t going to be in a 20 depression. But, if that happens, I think I have bigger problems then this house.

    January 14, 2011 at 2:10 PM #654619
    Anonymous
    Guest

    I could possibly pay down the loan with pitching more money into the “investment” hoping to make it positively geared. If I can do that, then I will cap off the amount I paid to buy the house, and the renter will pay the rest.

    This is all banking on the fact that we aren’t going to be in a 20 depression. But, if that happens, I think I have bigger problems then this house.

    January 14, 2011 at 2:10 PM #654947
    Anonymous
    Guest

    I could possibly pay down the loan with pitching more money into the “investment” hoping to make it positively geared. If I can do that, then I will cap off the amount I paid to buy the house, and the renter will pay the rest.

    This is all banking on the fact that we aren’t going to be in a 20 depression. But, if that happens, I think I have bigger problems then this house.

    January 14, 2011 at 2:26 PM #653850
    bearishgurl
    Participant

    finance_king, do you absolutely have to move right now? And is your property located in San Diego County? If so, can you disclose the zip code??

    January 14, 2011 at 2:26 PM #653917
    bearishgurl
    Participant

    finance_king, do you absolutely have to move right now? And is your property located in San Diego County? If so, can you disclose the zip code??

    January 14, 2011 at 2:26 PM #654502
    bearishgurl
    Participant

    finance_king, do you absolutely have to move right now? And is your property located in San Diego County? If so, can you disclose the zip code??

    January 14, 2011 at 2:26 PM #654639
    bearishgurl
    Participant

    finance_king, do you absolutely have to move right now? And is your property located in San Diego County? If so, can you disclose the zip code??

    January 14, 2011 at 2:26 PM #654967
    bearishgurl
    Participant

    finance_king, do you absolutely have to move right now? And is your property located in San Diego County? If so, can you disclose the zip code??

    January 14, 2011 at 4:21 PM #653924
    (former)FormerSanDiegan
    Participant

    [quote=finance_king]I could possibly pay down the loan with pitching more money into the “investment” hoping to make it positively geared. If I can do that, then I will cap off the amount I paid to buy the house, and the renter will pay the rest.

    This is all banking on the fact that we aren’t going to be in a 20 depression. But, if that happens, I think I have bigger problems then this house.[/quote]

    Before you even consider the economics, I would only consider keeping it as a rental if you want to be a landlord over the long term and if the property makes sense as an investment property.

    How much would you net in a sale ? (Sale price minus closing costs/commisions, use ~ 7% as a guesstimate).

    Sounds like negative cash flow of $200 per month. How much principal are you paying each month ?

    January 14, 2011 at 4:21 PM #653992
    (former)FormerSanDiegan
    Participant

    [quote=finance_king]I could possibly pay down the loan with pitching more money into the “investment” hoping to make it positively geared. If I can do that, then I will cap off the amount I paid to buy the house, and the renter will pay the rest.

    This is all banking on the fact that we aren’t going to be in a 20 depression. But, if that happens, I think I have bigger problems then this house.[/quote]

    Before you even consider the economics, I would only consider keeping it as a rental if you want to be a landlord over the long term and if the property makes sense as an investment property.

    How much would you net in a sale ? (Sale price minus closing costs/commisions, use ~ 7% as a guesstimate).

    Sounds like negative cash flow of $200 per month. How much principal are you paying each month ?

    January 14, 2011 at 4:21 PM #654577
    (former)FormerSanDiegan
    Participant

    [quote=finance_king]I could possibly pay down the loan with pitching more money into the “investment” hoping to make it positively geared. If I can do that, then I will cap off the amount I paid to buy the house, and the renter will pay the rest.

    This is all banking on the fact that we aren’t going to be in a 20 depression. But, if that happens, I think I have bigger problems then this house.[/quote]

    Before you even consider the economics, I would only consider keeping it as a rental if you want to be a landlord over the long term and if the property makes sense as an investment property.

    How much would you net in a sale ? (Sale price minus closing costs/commisions, use ~ 7% as a guesstimate).

    Sounds like negative cash flow of $200 per month. How much principal are you paying each month ?

    January 14, 2011 at 4:21 PM #654713
    (former)FormerSanDiegan
    Participant

    [quote=finance_king]I could possibly pay down the loan with pitching more money into the “investment” hoping to make it positively geared. If I can do that, then I will cap off the amount I paid to buy the house, and the renter will pay the rest.

    This is all banking on the fact that we aren’t going to be in a 20 depression. But, if that happens, I think I have bigger problems then this house.[/quote]

    Before you even consider the economics, I would only consider keeping it as a rental if you want to be a landlord over the long term and if the property makes sense as an investment property.

    How much would you net in a sale ? (Sale price minus closing costs/commisions, use ~ 7% as a guesstimate).

    Sounds like negative cash flow of $200 per month. How much principal are you paying each month ?

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