All Topics / Creative Investing / Creative help is needed

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  • Profile photo of broachbroach
    Participant
    @broach
    Join Date: 2004
    Post Count: 2
    March 14, 2005 - 12:22 pm

    Good Evening,

    I find myself with a dilema. Our home is worth 350k – 360k, owe 292k. I want to pull 30k out without refinancing. Another option I was thinking of was to sell to an investor and lease back (rental 375/wk, 6 year lease). The option I am trying to avoid is selling outright.

    Any suggestions from the forum would be appreciated.

    Regards

    Craig
    Albury/Wodonga

    Profile photo of foundationfoundation
    Member
    @foundation
    Join Date: 2005
    Post Count: 1,153
    March 14, 2005 - 12:59 pm

    Hi Craig,
    The problem I see as an investor is that if the best case scenario is $375 pw rent, the house is worth $250k tops.
    Cheers, F.[cowboy2]

    Profile photo of Mortgage HunterMortgage Hunter
    Participant
    @mortgage-hunter
    Join Date: 2003
    Post Count: 3,781
    March 14, 2005 - 1:53 pm

    This is locked as it is a double post.

    Simon

Viewing 3 posts - 1 through 3 (of 3 total)

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