LLC

[Vicki Luchini]

We have a LLC since 2008. Bought a house, rehabbed it tried selling it, but wasn't able to. Currently have renters for past few years. We are not making any money and would love to get rid of it ( landlording not for us)~ however housing market is horrible. We would be fine with getting rid of it and break even, but don't know how because of current market. Any suggestions would be very beneficial. Thanks in advance.

[Randal McLeaird]

what are the numbers on it? if you don't have any equity and you spent the money on the rehab, then take it as a learning experience and do some research on how to buy better in the future. There are a ton of posts here that will help you.

Back to your problem - why not seller finance it? Do you have a loan or do you own it free and clear? If you have a loan - who is it with and what type of loan is it? If you own it free and clear - why not just sell it ad take a small loss now rather than a huge headache if you're not in the landlording game? More questions than answers here so if you elaborate a little it may help others give you better advice.