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All Forum Posts by: Jorge Ramos

Jorge Ramos has started 1 posts and replied 3 times.

Buying & Selling Real Estate

Post: Is it best to let go of a property you own?

Jorge RamosPosted
  • Posts 3
  • Votes 0

Thank you so much. Right now I have all my capital tied up on my first property so I really don't think its an option for me at the moment. 

0 Votes
Buying & Selling Real Estate

Post: Is it best to let go of a property you own?

Jorge RamosPosted
  • Posts 3
  • Votes 0

But my question is: would it actually be worth it? is there any hope for a house thats over 200k in debt? I think I might be shooting myself in the foot if I do that. Not really sure what to do and time is slowly running out.

0 Votes
Buying & Selling Real Estate

Post: Is it best to let go of a property you own?

Jorge RamosPosted
  • Posts 3
  • Votes 0

I have complete power of attorney on his behalf so I can basically make any financial decisions for him. His property owes probably over 200k in late fees and regular payments. 

He already received a 30 day notice. Is there any way to turn this around? Since i'm just getting started in real estate, I see this property and its so hard for me to think that there is no other option.

0 Votes