what to do with property
I have a duplex. Both sides rented out cash flows about $100 a month. Not much at all but I bought it as my first house and lived there for 9 years. It made alot of sense then. Now, its worth about $145,000. I owe about $100,000 and there is another lien on it for $15,000. So far I have been keeping it because its a nice property that hopefully will be worth more someday. Problem is we are getting a new road at the property. Our village bills the road to us, the property owners. Just got my estimate today and it will be over $11,000. And we pay $3500 a year in property tax but thats another issue. Even if I could pay the $11,000 over 5 years, it would make this property worthless cash flow wise. What to do?