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Updated over 5 years ago on . Most recent reply

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15
Posts
1
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Piku Nanda
1
Votes |
15
Posts

Is it a good idea to sell a condo while its 'FHA approved'

Piku Nanda
Posted

Hey y'all, I have a net neutral investment condo (rent=expenses) which just became FHA approved. Does it make sense to sell while its FHA approved? can I expect a better market value as a result of it being net neutral ?

While we are on the topic, my condo is net neutral because its a 15 yr loan and it keeps my taxes low. Lately, I have been wondering if it would be better for me to refinance as a 30 yr loan and allow for some cash flow. Thoughts? Pros/cons from the experienced folks?

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