Asked by Nisha, Laguna Vista, TX • Mon Apr 8, 2013
I have a rental property in San Antonio, TX. For a variety of reasons, I would like to sell it - either to an investor or to a homeowner. It is currently leased = until end of Aug 2013. Right now, b/c my home equity loan is at such a high rate (almost 10% from 2007), there is negative cash flow in the property. I can't refi given LTV ratio issues for investment properties and given that I want to sell asap, wouldnt recuperate my closing costs, etc. But a new owner could purchase, take advantage of the much lower interest rates, and have a positive cash flow. How do I find find such an investor? Any ideas?
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