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Updated over 6 years ago,

Jose Garcia's profile image
Jose Garcia's profile image
Jose Garcia
  • Investor
  • from Covina, California
  • Member since Feb 20, 2015
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User Stats

24
Posts
3
Votes
Jose Garcia's profile image
Jose Garcia's profile image
Jose Garcia
  • Investor
  • from Covina, California
  • Member since Feb 20, 2015
Connect
Jose Garcia
  • Investor
  • Covina, CA
3
Votes |
24
Posts
General Landlording & Rental Properties

deed in lieu or walk away from bad performing property

Jose Garcia
  • Investor
  • Covina, CA
Posted

I have a rental property in Georgia that i purchased in 2006. It never recovered the downturn and it has a negative cashflow. Balance is around 124K. Value around 110K. Negative cashflow around $350. Should I Deed in Lieu it or walk away from it. 

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