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Updated about 13 years ago,
Am a landlord but renting house to live in
First time poster...found this site today and have been GLUED to my computer all afternoon!
I am so confused about what I should do in my current situation. I own three houses free and clear in Florida but have been renting a house to live in here in TN for over 2 years now since I don't have cash for a down payment. Two of my FL houses are rented and one has family in it.
If you were in my shoes and you were sick of being a renter, what would you do? Sell the houses at a HUGE loss (100K loss on one, 90K loss on second), take out equity for a down payment, sell as owner financed, etc. I go back and forth on various scenarios and end up doing NOTHING.
I love being debt free but I would love to own my own home again instead of being a renter.
Would love any thoughts/opinions from all of you wiser, more seasoned real estate pros.