• Skip to main content
  • Skip to primary sidebar
  • Home
  • Ask A Question
  • Find Your Next Home
Real Estate Questions and Answers

Real Estate Questions and Answers

Cant Afford My Home Anymore

April 1, 2019 by Rick Landuyt Leave a Comment

Q: i owe about $265,000 on a four plex in tx. i can no longer afford the property especially the $6000 in property taxes due in Dec. I currently have 3 of the 3 units rented. how do i get out of this? quickly.

A: The 1st solution would be to sell it, putting it at a price that would allow you to walk away while still attracting like kind buyers. Another (temporary) solution would be to raise the rents & get that 4th place rented out to get you cash flow & show the prospective buyers the income possibilities.

Filed Under: Questions and Answers

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Ask Your Real Estate Question

Recent Posts

  • How to Prepare Your House for a Winning Sale This Spring [INFOGRAPHIC]
  • Is It a Good Time to Sell My House?
  • How Smart Is It to Buy a Home Today?
  • Home Prices: What Happened in 2020? What Will Happen This Year?
  • What Are the Benefits of a 20% Down Payment?

Categories

  • Baby Boomers
  • Buying Myths
  • Demographics
  • Distressed Properties
  • Down Payments
  • First Time Home Buyers
  • For Agents
  • For Buyers
  • For Sellers
  • Foreclosures
  • FSBOs
  • Gen Z
  • Generation X
  • Holidays
  • Housing Market Updates
  • Infographics
  • Interest Rates
  • Luxury Market
  • Millennials
  • Move-Up Buyers
  • New Construction
  • Pricing
  • Questions and Answers
  • Rent vs. Buy
  • Selling Myths
  • Senior Market
  • Short Sales
  • Time-sensitive
  • Uncategorized
COLDWELL BANKER PROFESSIONALS - RICK LANDUYT - 67395 MAIN ST, RICHMOND, MI 48062 - (586) 727-2741