Asked by Moonpie, Hallettsville, TX • Fri Oct 22, 2010
We own a home in Crestview 3 years ago for our daughter who attended UT. Rents were so high it seemed an investment was a better route to throw a monthly payment. We bought a lovely 3bd/2b remodeled home on a large manicured lot. However, before she moved in the toilet burst and with no one there, it flooded the entire house, all carpet and wood floors had to redone. Once over that hurdle, she found it difficult to have roomates because they all wanted to live in walking distance to campus. We rented it out and then put it up for sale this summer. I don't think anyone has even looked and we've dropped the price 10%. Is it time to cut our losses or rent it again and wait?
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