Managing Your Property
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated 11 months ago, 02/08/2024
Should I sell or keep?
Hi all, I'm in a conundrum and need smart suggestions.
I currently rent out a 1 family house that is way below market value. The current rent barely pays for the monthly mortgage and I am scraping through to pay for property taxes.
I have two options in mind:
1. Sell the house.
2. Get a loan to fix the basement to bring rent to market value.
I'm sure I would need to provide more information for answers so let me know!
Thanks in advance! - Lina