Asked by Rahul Kumar, Greendale, WI • Thu Jan 17, 2013
Hello - Thanks in advance for your inputs. I have a house in plano, which I have currently rented. I bought it in 2007 as Investment property, but there has been no appreciation in the price. The house is in very good area and I have been able to rent it out to most part. As some reports indicate, home prices are going up again. Do you think I should wait another year or two before I sell it? I think I can keep it rented. Recently, with refinancing, I am able to recover most of my money back from rents. But, still, overall in 6 years, I will say I have been under water. Btw, I will have to sell the house, but possibly I can put it off for some time. Please advice.
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