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Updated almost 8 years ago on . Most recent reply

User Stats

60
Posts
28
Votes
Anita Ahuja
  • Physician
  • Oakland, CA
28
Votes |
60
Posts

To sell or not to sell??

Anita Ahuja
  • Physician
  • Oakland, CA
Posted
Is this worth holding onto?? Husband Bought in 2006: 1b/1ba 750 sq feet on soma district of SF for 645,000 Current mortgage: 515,000 Could sell for 730,000 ( I say 720, husband says 740) Expenses: Ins 51 
Vac 0 Repairs: nothing till now( replacing floors this year)
Hoa 576 
Mort+ PT 4050 
Parking 282 Current rent: 3850 Area crashed hard in 2009. Tons of foreclosures and short sales CoC minus 1100/mo With tax interest savings = $1500 positive per year This property is killing me!!! Do we sell it?? Would make after closing costs and real estate fees:

Most Popular Reply

User Stats

260
Posts
245
Votes
Ian Tudor
  • Specialist
  • Charlotte, NC
245
Votes |
260
Posts
Ian Tudor
  • Specialist
  • Charlotte, NC
Replied

@Anita Ahuja - Sometimes the best way to find answers is to invert the question. Why do you want to hold onto it? 

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