Given the cash flow loss on the 7% property, I think I need to remove the emotion and make the right business decision for my portfolio holistically.

Alba v Jean-claude Kaufmann :: 2006 :: New York Appellate Division, Third Department Decisions :: New York Case Law :: New York Law :: US Law :: Justia This decision gives an excellent explanation of when specific performance might be denied.EMF Gen.

@Joey Chalhoub This decision should be read narrowly to address statutory frameworks such as MN where state law permits it to take property to satisfy real estate taxes/penalties/interest, sell it, and keep any surplus outright.

I think my main pain point is underwriting the property as it is and then seeing what it could be and then making decisions on if it's worth and how those decisions are made.  

Condo mortgage is $2100/month (with insurance, HOA fee) and the rent would probably be $2200/month.

Instead, they’re relying heavily on algorithms to make underwriting and valuation decisions.

In this case, they get equity but do not make decisions. 

You want an accountant who can help you strategize and who is responsive when you want to know the consequences of the financial decisions you are making throughout the year.Good luck.

So for me the decision was pretty straightforward, but it still required a lot of thought.It’s not easy out there these days folks, best of luck!

Calculate the blended rate, your decision as to what to do (2nd or 1st lien refi) is all in the math!