Asked by Gac, Minneapolis, MN • Sun Jan 3, 2010
I bought a Duplex in Minneapolis in 2004, since the market crash the rents went down considerably and now I'm in a situation of a negative cash flow of $2500 monthly. i struggle each month to pay the mortagage company, but lately it hard to make ends meet. I am afraid that if i stop payments they will go after my other investments, wages, my own home, salary, etc. the value of the duplex went significantly down and so far i have paid 2 years of negative flow. i need to stop this bleeding. what should i do? i do not have it on an LLC .
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