HELP!!! MY INVESTMENT PROPERTY IS BLEEDING ME DRY—HIDDENBROOKE REAL ESTATE—HOMES FOR SALE
By Nicole Monary, Nicole Knows San Diego Neighborhoods
(Sellstate Next Gen Realty)
HELP!!! MY INVESTMENT PROPERTY IS BLEEDING ME DRY-HIDDENBROOKE REAL ESTATE-HOMES FOR SALE Do you feel that you your investment property is no longer making money for you? Don't want to wait to see if the market is going to come back? Are you stuck with a bad income investment property forever? The short answer is no. There are ways out, though some will prove easier than others. 1. Loan Modification - Meeting with your lender and working out a mortgage with more favorable terms is your best bet. Most likely not going to be as successful as other strategies and may take up to six months to finalize. 2. Refinance - Currently, it's nearly impossible to get a lenders to refinance an upside down mortgage, especially if you've been late or missed payments. 3. Offer to Sell to Your Tenant ...
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