We just got a loan mod on our rental property. We owe 206,000. payments PITI = 1530 a month. Rental Income 1500 a month. Tax write offs about 3500 a year. It is stressful, but breaking even. A short sale may not be accepted and if not, we will have lost our renters and the loan mod in the process and end up foreclosing. What think ye?
11/15/12 at 12:51pm