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bradesp · 12-01-2008, 05:37 PM

Daniel,

House #1 is going to be the easiest to sell and should net me an amount that will allow me to pay cash for a home I would be quite content to live in for the next 20 years. I'm actively preparing the house for sale and am cautiously optimistic (we live in one of the few areas in the country that has seen very little depreciation in housing).

House #2 I can afford even in a downturn... Plus, (you'll have to trust me on this) there are unique circumstances that make the future value of this home relatively immune to even the worst case scenarios you describe.

House #3 is my HUGE problem... I literally don't have the cash to close this house at a price that someone my pay today... If I put this up for fire sale and get 800K, I still need 160K to close the transaction.

So my question is what you or others might suggest as a set of tactics for dealing with my #3 house?

Thanks!

12-01-2008, 05:37 PM	#3 (permalink)
bradesp Junior Member Join Date: Nov 2008 Posts: 3 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Is my Investor Property Hopeless? Daniel, House #1 is going to be the easiest to sell and should net me an amount that will allow me to pay cash for a home I would be quite content to live in for the next 20 years. I'm actively preparing the house for sale and am cautiously optimistic (we live in one of the few areas in the country that has seen very little depreciation in housing). House #2 I can afford even in a downturn... Plus, (you'll have to trust me on this) there are unique circumstances that make the future value of this home relatively immune to even the worst case scenarios you describe. House #3 is my HUGE problem... I literally don't have the cash to close this house at a price that someone my pay today... If I put this up for fire sale and get 800K, I still need 160K to close the transaction. So my question is what you or others might suggest as a set of tactics for dealing with my #3 house? Thanks!