All Forum Posts by: Rose Frantz

Ya I think my mistake was listing it too high to begin with. Now that it has been sitting for a while it doesn't appear attractive to potential renters. The whole process has been stressful and time consuming and bc the traffic that has come through hasn't been promising I decided to sell. I plan to invest any profit into an air bnb (this one did not allow less than 6 mo lease).   I don't want to have to go through this process again next year just to cover the payment. Thanks for everyone's help with this! I really appreciate all everyone's insight!

Thanks for the help guys I really appreciate it! The mortgage + HOA is 1450 and I found someone to rent for 1695 (which I've dropped from 2095). There are other units in the community for rent about 5 of them which also have been sitting. They are all listed around 1695 but not renovated and honestly don't look great. The one that recently sold for 275k in the community was renovated, same sq ft and looks very similar.

I purchased a 2 bed/2 bath condo in a popular high end area for 200K and renovated it (20K). My relator thinks I can sell it for $270. I initially planned to rent it out for a few yrs but I've had it available for rent for 2 months and am just not finding a good candidate. I had about 10 applications with awful backgrounds/ credit checks/ etc. Maybe 3 were good and one applied and is ready to move in. Now in considering selling because I don't want to run into the same problem next year and the year after. The time between tenants, cost of new paint anything that needs fixed will add up. I was also thinking if I rent it for a yr and sell it next year it will not be worth as much since everything is newly renovated now. Anyone have any input on this? I really appreciate the help!

I just purchased my first condo at int rate was 5.8% - do I buy points to get this down a bit or leave it and refinance in the future if rates go back down? HELP!