Updated about 10 years ago on . Most recent reply
Burnout Alert!!! House on fire. Rehab completed with Pics. Please help me choose a) b) or c)



Please help me decide on Exit strategy. Should I :
a) Sell for 132K. Netting 20K after closing costs and capital gain taxes
b) Owner finance (Contract for Deed): 137K sale price, 20K down, 15 yrs, 9%, $1200 a month. (no escrow). Qualified buyer. I have a done a refi and pulled 72k (15yrs, 5.5%, pmt of $588). all the 20K down payment and I would have all my money back and cash flow about $610 for 15 years.
c) Rent for $1200
House is complete remodel. House is in a C class area. Not must appreciation over the last 5-10 yrs.
I have all options available to me which is a good problem to have. But still a problem to solve
Thanks PB nation.