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Nesgroup address: misc.invest.real-estate - Date & Time for the message: Mon, 25 Apr 2005 19:56:13 -0500
/ Author of the message: "John A. Weeks III" |
Title of the message: |
Re: I can't rent it out and I can't sell it.
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Text of the message: |
In article <1114435364.342777.151220@f14g2000cwb.googlegroups.com>, "jinto34" <killiam31@yahoo.com> wrote: > If I rented it out now for what Iam asking I'd still be losing 100 or 2 > a month on it > > So I've been trying to sell it for a year, can't get rid of it. > I can liquidate my stocks, 401K etc and probably get rid of it and > start at zero. There must be more to this story. What is wrong with the place that it will not rent? Why doesn't it sell? Did you pay way too much? If you can rent it at a $250 a month loss, you may want to do that. The market might improve in a year or two, and the value of the place might go up over time. You should be able to narrow the rent gap, plus you should be able to write off part of the monthly loss. -john- -- ====================================================================== John A. Weeks III 952-432-2708 john@johnweeks.com |
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Estaplace.com is one the Ceglia Giovanni projects, started on 20 July 2005, and online since 20 August as a real estate platform for listings, mainly operating on the Italian and American/English market in the Internet, Estaplace would like to become the point of referiment for home sellers and home buyers, a site where private owners or real estate agencies can have the possibility to show their offers to the world. Estaplace.com is only one of the Giovanni Ceglia's sites. Everyday Giovanni Ceglia works to improve new Internet tools and services for online marketing and business. Estaplace.com will become the biggest portal for real estate business and investments online.