And (at least on paper) it cash flows around 9k a year -- (we own 100% free and clear) but even if we re fi, it will STILL cf around 7k per year (inc. my 8% mgmt. fee I pay myself) -- however ... we don't like the area. 9 out of 10 prospects don't like the area, so I have to go thru a lot of leads, almost alwway sec 8, etc. so my thought is to sell.

If you have $100,000 in your primary and $100,000 in your rental, you make 7.5% AND someone else is paying your mortgage for you.Josh, if you're trying to grow your money, you can do MUCH better.Refinance your primary to 25% equity and do a cash out re-fi on your rental to 25% equity as well.

I would ask them.I think re-fi appraisals tend to be low.It's not a "loss" as you have already pulled equity out for your new home.p.s.

I'm wondering if a loan mod, re-fi or any other lender based solution will look at this other home as a way to pay for the house she wants to walk away from.

Chances are you're going to need to cough up some dough on the re-fi anyways and unless you have some dough for that and the dough needed to fund the shorted 2nd, you're better off doing it our way :)

Re-fi to get your money out, keep for long term and go do it again.

Here is my typical day:0500 - 0600 watch news0600 - 0800 read news and emails0800 - 1100 work on current files1100 - 1200 lunch1200 - 1800 continue filesM - FI do not work on the weekends.As for what I do with my files, I negotiate Short Sales.

Now the pendulum in consumer psychology appears to be swinging toward reduction of household debt -- whether on credit cards or mortgages.This is a good trend, imo ... here's the full article link:http://www.latimes.com/classified/realestate/news/la-fi-harney7-2010feb07,0,4396828.story

welcome michael...where are you in sc..i live in charlotte.

Problem free re-fi, but my broker cannot do mortgages in FL.Is Quicken Loans a decent lender?