We're debating what to do with our house in Raleigh. The mortgage is upside down to the tune of about 15k. Our options are short selling and blowing up our credit for about two years or becoming landlords and renting the place until the economy imporves.
If we rent, it'll cover the vast majority of the mortgage, leaving us on the hook for about $500 a month, according to the rental agencies we'ev talked to. Who's a landlord right now? What are the big gotchas, and were you able to buy another house while renting the current one? ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:342107 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
