All Forum Posts by: Alex Kreeger

@Seth Larson we have differing opinions, and that’s okay. And to be honest, I’m not sure what Exactly I would do. I would just hate to be in the position of the worst case scenario. That’s all.

@Seth Larson state of affairs*

@Seth Larson your tenant has said they can’t pay. They are asking you release them. If you do not, and they can’t pay, they won’t. And in the current Tate of affairs, landlords can’t do anything.

Therefore, you will have a non paying, frustrated tenant caged in. They start to let your property go, while not paying, while you can’t evict.

And no amount of “screening” can change that.

@Seth Larson can you imagine a scenario where the tenant refuses to pay anything, destroys the place, and essentially becomes a protected squatter? If so, let them go now.

@Rhett Miller that is a good point. Refi might make sense. Depends on your break even analysis. My mindset was dependent on how far you are into original loan. If you are a few years in, more is going to principal. And resetting the loan would affect your net worth. But again. Depends on break even.

@Rhett Miller hard to say. All depends on your goals. If getting into real estate is a goal. Keep it, and I wouldn’t refi. You are taking steps back in amortization.

If your goals have little or nothing to do with real estate. Sell sell sell. Never become a landlord by default

Also, you having already spent the money should have no impact on the decision you make in the return of the money.

@Nathan G. Agreed. Why was the money spent before the service provided? Learning opportunity for sure.

@Nathan G. Right on my friend.

@Nathan G. In your opinion, what are you pointing to as the worst of it? I appreciate your opinion in all of the other posts I’ve read and would like to hear it on this Major issue, if you could. Thanks