MichelleCarmen
Super_Ideal_Rock
- Joined
- Feb 8, 2003
- Messages
- 15,880
Ah, okay, I''ve been in a terrible mood for the last few weeks!
We bought our current house in October and moved into here in December (so we''ve lived here, what, four months???) and we HATE our house and the neighborhood.
Originally we planned to stay here for two years and invested a sizeable amount of money in remodeling this place. . .but now we want to move SOON! We''re already looking for another house.
What I''m wondering is renting a better investment than selling??? If we sell it (by owner) now, we''ll break even. If we rent it, we can rent it for enough to cover the mortgage - but we may still need to pay $200 or so toward the mortgage & then sell after a few years and some appreciation accumulates. . .
Okay, this is the dilema -> HOW risky is renting? Any stories you can enlighten me with?
Also, is it unrealistic to ask for a $1K damage deposit?
Thanks for any thoughts!
We bought our current house in October and moved into here in December (so we''ve lived here, what, four months???) and we HATE our house and the neighborhood.
Originally we planned to stay here for two years and invested a sizeable amount of money in remodeling this place. . .but now we want to move SOON! We''re already looking for another house.
What I''m wondering is renting a better investment than selling??? If we sell it (by owner) now, we''ll break even. If we rent it, we can rent it for enough to cover the mortgage - but we may still need to pay $200 or so toward the mortgage & then sell after a few years and some appreciation accumulates. . .
Okay, this is the dilema -> HOW risky is renting? Any stories you can enlighten me with?
Also, is it unrealistic to ask for a $1K damage deposit?
Thanks for any thoughts!