Localfund.com - All about Fund and Investment
*Home>>>Property Investment

Sell or Rent my investment property?


The value of my investment property has dropped from about $650K to $530K in the last year. Selling at $530K would put me at a loss.

I'm now having trouble paying the mortgage on this property. Should I rent it out or continue trying to sell it? Thanks.

Best to hold tight as long as possible, property in certain areas has taken a hit especially in the USA, I believe that property will increase in the future due to population out stretching resources this has already happened and continues to happen in certain global markets. Hold tight and see what the US government elections will bring as this will influence US property values immensely.

You should rent it out. That way they pay for you property. And then when you want to move in or you renters finish paying it you own it.

If you can charge enough rent to cover the mortgage and other expenses, then rent it. A friend owns a rental property (her house she can't sell), she is breaking even every month, but saved $13,000 on her income taxes because of the depreciation and her expenses.

Tags
  Real Money   Real Estate Investment   Raise Capital   Property Investment   Profitable Investments   Private Investment   Private Equity   Private Capital
Related information
  • I have just got an investment home loan for an investment property, can i get a tennant in the property for?

    Most lenders will allow this, check your documentation, or call and ask them. Some lenders will charge a <nominal> fee for the facility - 100 Sterling is common. Similarly, lenders often al...

  • Credit score for investment property?

    Before you go jump into investing it is really important to build up your credit score so that you can good loans and rates.. When you're trying to get a solid credit score it's important...

  • Tax benefit for investment property?

    Mortgage INTEREST and property taxes are deductible @ 100% as long as the property was in service 100%. Deductions are limited if the property was used as a personal vacation home. Check out : ...

  • Can the sale of an investment property be financed by a living trust ?

    The trust must contain the property before any financing can be done by it. You need to look at your living trust as completely different entity than yourself.

    ...
  • Anyone done Win Investment Property course?

    I have tried another famous one. They are all excellent money spinners. For the organisers.

    ...
  • Tax withholdings for investment property?

    Income taxes on an investment in Nevada are taxable to a California resident. The issue here is not where the investment/profit is generated, but where the recipient of those profits resides. T...

  • How can I finance investment property?

    You could try to get the owners of the property to sell to you on a lease option for say 2 years, and lets say that you pay 500 a month, with 500 down, then you would have control of the property a...

  • Please can someone explain the difference between investment property and property for sale.?

    Wow! It ain't that difficult people! Paul, you know what investments are? Things you put your money in, and then after time, if everything works out okay, you take your money out, and...

  •  

    Categories--Copyright/IP Policy--Contact Webmaster