Chosen by Asker

Refinance and hold. If you can get positive cash flow from rents then it just makes good sense. Refi to an interest only to keep payments down but not sap equity and write off the interest and depreciation. That's what I would do, your mileage may vary.

by Gregorio

12 months ago

Asker's Rating: 

SELL!! liquid money is better. one mix up and you're upside down. move froward with cash... it'll pay off

by florida gal- 12 months ago

dude property is the new currency, our money is worth nothing, dont worry about the loans, rent the places out, get paid, do not sell just to sell, sell to make a big profit, if no profit exists, one will eventually, but you'll never get it if you sell. housing is in a slump, but what happens after every slump... it goes back up again, even if it is a longer that normal slump, it cant slump itslef to nothing, because when you get down to it, money is paper that we say has value. it only has value because we say it does. Property is something with value, no matter what, even if prices end up on the bottom of your shoe, property will still ahve huge value, people need space, they need water, they need shelter, they use money (fake construct of our corrupt govt.) to get these things, when they should be saving their money so they can afford to buy some property.... property is the new money money is dead, money is fake, money is useless, in the future there will be no money there will only be property.

by Bored at work- 12 months ago

DO YOU WANT TO BE A LANDLORD OR DO YOU WANT TO DO REHAB?? That will tell you what to do....

by richard t- 12 months ago