Posted in the Real Estate Forum
Should I let my rental property forclosure?
I owned my rental property for 7 years. During the tenure of the 7 years its been all spending money on repairs and no profit gained. Money has been coming out of my pockets " paying utilities and up keeping. I have tenents that pay on time but it only covers half the rent. My tenents left and now it's going into forclosure. I just got my income tax and Im able to take it out of forclosure. Is it worth it to take it out of forclosure or take it as a lost. The property is also under water, and the bank tried changing the locks because they thought it was abanadoned.
What to do ?
Doyou still have this property? My family and I are seeking to move to the Barbouville/Flat Lick area. We are having a diffulcult time finding clean rental property. We own a painting & maintenance company in northern KY. We are seeking a fixer upper also.
would love to hear from you
trying talking to a real estate agent to see what your best choices are. www.samandsandy.com . Ask for Sandy.
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