All Forum Posts by: John Eckerman

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So just talked to realtor and theres a comp for the exact floor plan for 187k which is  lot more that I thought.  

Also if I refi I'm looking at cash flow of $150-$200/month.  

@Account Closed My payment includes insurance and tax and property taxes in Texas are a lot higher than California. 

Thanks for all of your feedback 

@Arlen Chou I will explore refinancing and it is a single family home. 

I forgot to mention that rental comps in my area are higher than my mortgage payment so when he renews in the spring or when a new tenant comes in I will be positive on cash flow.

I haven't raised rent on him but I will next time. 

Knowing this would you still sell @Steve Vaughan @Jane A. and @Joe Villeneuve?

Home value is 170k

Original loan was $141,878 at 5.125% interest

Current Loan balance $130,117

Current mortgage $1,416

Rental income $1,275 and great tenant of 3 years

I think Im breaking even from the equity being put in, tax write offs and appreciate but not sure best way to look at that to make sure .

Does anyhow have advice on what I should do or look at?

I bought the house as a residence and moved out of state and when I did just rented it out.

Thank you and appreciate any advice.