I have a rental property that is upside down and the 1st TD will adjust in March 09....

  • Thread starter Thread starter samikesd
  • Start date Start date
S

samikesd

Guest
...What should I do? My rental property is upsidedown as many homes/properties are, and the 1st TD will adjust in march of 2009. To make matters worse, I don't make enough on the rent to cover what I pay now in mortgage(s), taxes, and HOA/insurance fees. My income does not look to be on the incline any time soon, and my dollar is stretched so thin i can barely pay down CC debt which is at approx 40K. If i were to wipe the rental off my plate, snap and make it disappear, I would be able to really start paying down the 2 credit cards etc. and start saving for the future. What do I do?
 
If it will make section 8 housing you can make better money that way. Plus the government pays when it empty.
 
Back
Top