My own house?

[Lawrence Eddy]

Hello BP, So I'm sitting on my back porch on this sunny Sunday thinkin for about an hour now I live in the biggest problem of my life right now. I've rented this home for 3 yrs now and have done nothing but put band aids on it since my family and I moved in.id like to approach my landlord with the option of selling but I'm not sure what the best way to do that is. I know she bought the home in 2005 for $750k and it only has a value now of $650k and I know that it needs work to be sold at that value. I'm not sure how to determine the dollar amount for the work that needs to be done, and I'd like to be able to figure out how to approach her with a reasonable offer. Does anyone have any advice?

[Kevin Siedlecki]

@Alexander Felice- I agree.

@Lawrence Eddy, I know it wasn't your question, but as Alex suggests, your best strategy might be to milk this rental for as long as you can and use the savings you have to purchase something that will cash-flow sooner.