All Forum Posts by: Jennifer Delmore

Is there a clause they're trying to use to get out of it?  Why do they want to cancel?  How badly do you still want to close this deal?

We have one property in the Cleveland area.  Since we are not local we have All County NEO do the property management.  They've had it for almost 2 years and the original tenant is still in place.  They've handled a couple maintenance issues quickly and at what we felt were reasonable costs.

Move where you want to live, not necessarily where you want to invest.  

I wouldn't let "bang for your buck" from an investment standpoint put a location on the list or cross one off the list.  It might weight one location above another if it's already on your list of possibilities for other reasons, but it wouldn't be a determining factor in any way for me.

Really, you can do real estate anywhere in some shape or form, so you can move where you want and figure out how to make real estate work there, or move where you want and figure out how to make real estate work for you "long distance".  

Are you in the market for cash flow?  Can you roll your proceeds into other properties that would give you higher cash flow than the ones you sold?

Hello and welcome!

Why is it on an interest only loan?  What rate?  Can you refi to a lower rate for 30 years and make it cash flow?

It would definitely affect your credit, but the title of the thread is keep or short sell :).  

I assumed a short sale. 

Congratulations!  Good luck with your new venture.

Hello!