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All Forum Posts by: Scott W.

Scott W. has started 95 posts and replied 1263 times.

Post: should I keep or sell?

Scott W.Posted
  • Real Estate Investor
  • chicago, IL
  • Posts 1,284
  • Votes 231

my wife moved in with me after we got married 4 years ago. She had a condo she put 3.5% down in 2004. we have managed to raise the rent $25/month each year to now being $975. our PITI (including $90 in PMI) + association fees is $945.

We owe $98k on it & i'm guessing it's worth around $65k. We refinanced to a 5.1% 30-year fixed last year. Should we keep it? It turned from an owner occupied to an investment property after we refinanced last year. Thx!

Post: New member from Chicago

Scott W.Posted
  • Real Estate Investor
  • chicago, IL
  • Posts 1,284
  • Votes 231

There's a million foresclosure opportunities out there; everything is a deal right now; you're just going for the ultimate super deal (which isn't a bad thing)!

hang in there - you'll find something; tons of opportunities.

Post: New member from Chicago

Scott W.Posted
  • Real Estate Investor
  • chicago, IL
  • Posts 1,284
  • Votes 231

cook county is high for property taxes? my taxes, for a rental, have been lowered $100 each of the last 3 years. i now pay $1200/year on a condo I rent out in hanover park. current value is probably around $65k.