If you can rent it for $1300, then the intrinsic value of this house should be around $1300*150=$195000.
You may also want to see the medium income and the medium housing price to decide the intrinsic value of it.
If you have $30K to pay to sell this one, then why not use the same amount to buy one other house, rent it cash flow positive, to even it out?
I wish I live in Florida right now as there are tons of opportunities. It is now a lifetime opportunity to buy, not to sell.
I would keep it
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Fantastic! Landlords think the same way!
-miat42-
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10/09/2008 postreply
05:26:40
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it's impossible for her to get a mortgage to buy a second house
-blueblue-
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10/09/2008 postreply
10:00:44
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What does 150 mean in the your formula? Thanks!
-treadwater-
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10/09/2008 postreply
11:25:56
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You are a loser to suggest that.
-daysofreckoning-
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10/09/2008 postreply
13:17:16
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是呀,市场上是有好deals,问题是贷款难呀,兜里子弹不够,
-bebecoco-
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10/09/2008 postreply
21:59:29