Updated almost 10 years ago on . Most recent reply
Hello from WPB Fl
Hello;
WE have 4 properties. One in Jacksonville is a 500$/month loss- currently for sale. The other 3 in South Florida combine for 1200$ a month. Property1 we owe 40K- section 8 tenant. Property2 we owe 80K- a duplex clears 500$/month. Property3 we owe 70k -200$/month. We have 25K line of credit out along with a 13k business line 7K credit card 35K 401K repay over 5 years at 900 a month and 25K 401 repay at 500$month. We are considering selling property 1- a 3/1 sfh for 145K. Is this the best strategy to sell a property and cancel the debt?