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Updated almost 15 years ago,

Vernon Henry's profile image
Vernon Henry's profile image
Vernon Henry
  • Homeowner
  • from California
  • Member since Jan 7, 2008
Connect

User Stats

24
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3
Votes
Vernon Henry's profile image
Vernon Henry's profile image
Vernon Henry
  • Homeowner
  • from California
  • Member since Jan 7, 2008
Connect
Vernon Henry
  • Homeowner
  • California
3
Votes |
24
Posts
General Real Estate Investing

Is there a way out???

Vernon Henry
  • Homeowner
  • California
Posted

Underwater on a duplex in a depressed so. Cal area. Currently worth about 90k (and dropping). Owe 130K. Barely breaks even because market won't allow raise in rents. Appreciation is, of course, a distant pipe dream right now.

I desperately want out, but how? I realize this is probably no-win situation, but what would be my least painful and costly option?

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