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Updated almost 2 years ago,

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3
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New Investor in a Sticky Situation

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Posted

Hi, all! I’m a relatively new investor and just bought a property near Savannah, GA a few months ago. Due to some life changes, I ended up moving out of the home a lot sooner than anticipated. Now that I’m no longer in the property, I’m facing some issues trying to get it rented due to it now being the slow rental season.

Seeing as how I just bought the property, I can’t sell it without taking a huge loss. I also can’t refinance now without taking a loss. However, the property has been vacant for a little over two months now with no sign of when the rental market will pick back up.

II’m not really sure what my best option is (besides just moving everything back into the property and staying for the next few months/year).

If anyone has any general ideas or suggestions or any specific advice for anyone who knows the area, please feel free to chime in. Thanks!

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