Home Selling in 19403>Question Details

Shane Kenny, Home Buyer in Flagler Beach, FL

Trying to understand a path forward on a rental propery

Asked by Shane Kenny, Flagler Beach, FL Wed May 15, 2013


I own a rental property that I am currently renting for 1350 in East Norriton, PA. Looking at home values in the area, I basically am around 5-10 K underwater on the home.

Living in florida (due to a job move), being a landlord is extremely taxing and financially not really working out (I barely cover the mortgage payment). My wife and I make too much money to short sale, but am interesting in getting out of the renting business.

Any suggestions? Thanks!

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