Updated over 10 years ago on . Most recent reply
What to do with my house 500 miles away?
Hello,
I currently live in New Jersey but I purchased a house in North Carolina out side of Fort Bragg in a nice little sub division. Currently it is being rented and managed by a property management company. As of right now I have positive cash flow (not much) but I am on the fence about keeping it. When I first bought the property it appraised for more than the purchase price but since they continue to build in the neighborhood everyone's equity is dropping because they're offering the same model houses for cheaper with better amenities. So my questions are what could I do to either get rid of the house without going to the closing table with over $10,000 or just make it a better deal for me to keep? I feel like there is not much I can do as of now, but I just want to hear opinions. Thank you in advance.