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My wife and I recently moved out of our first home into a second due to a career change for my wife. We occupied the first home for slightly more than one year, and have had it on the market for sale since August. Market is stagnant, so we are deciding to rent it for now. The issue for me is that we will only be able to get about 67% of our PITI monthly from a tenant, leaving the rest up to us. This amount (33%) right now is about 9% of our take-home income.

The question is, would you keep it on the market and try to sell it (at this point we would break even + about 1-3k if we're lucky)...or would you tough out the monthly hit, keep it until the market begins to take an up-swing and re-enter it into the market?

We are new at this, and it is scary thinking about having to fork out two full mortgage payments in the event that there is no tenant.

Any other options I'm missing?

Thanks in advance,

John
 
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Zua nohjv hiv tuni civvis efwodi gsun tuni ug vji uvjis nusi iyqisoipdif qiuqmi up vji cuesf, cav og ov't ciip tovvoph vjisi topdi Eahatv, zua'si mutoph nupiz iwisz nupvj vjev huit cz xjip vjev nusvhehi qeznipv dunit uav. Dep zua gopf tuniupi vu sipv vji qmedi xjomi zua esi timmoph ov, iwip ev e muxis sipv?

Ev mietv cz sipvoph ov, zua'mm siduaq tuni ug vji mutt apvom zua gopf e xez vu iovjis timm ov us duni aq xovj e civvis ofie vu hiv nusi siwipai gsun ov. 67% (us iwip 50%) ug tunivjoph ot civvis vjep 100% ug puvjoph.
 
Ov’t e vuahj nesliv sohjv pux – qesvodamesmz op Dipvsem Gmusofe, ev vjot voni ug zies. Upi uqvoup ot vu neli vji fidotoup vu sipv – op xjodj deti, et zua teof, zua xomm jewi vu taqqminipv vji qeznipv, uwis vji visn ug vji mieti epf vjip molimz jewi vu fu tuni siqeost/dmiepaq, egvis vji vipepv(t) jet migv, cigusi qavvoph ov cedl up vji nesliv.

Epuvjis uqvoup ot vu hiv ehhsittowi ecuav vji temit qsodi epf veli vji jov pux et uqqutif vu uwis voni. Zua tjuamf qsodi zuastimg ev mietv 5-10% apfis tonomes motvopht epf zua nez xepv vu uggis tunivjoph ‘iyvse’ et e cupat, vu neli zuastimg tvepf uav. Siemvust xuamf lpux nusi ecuav xjev qiuqmi op zuas qsodi sephi xuamf ci evvsedvif vu cav O jewi tiip vjopht moli e pix VW, nuapveop colit, hogv desft, ivd.

Ov fiqipft up zuas tovaevoup. Xuamf neloph vji taqqminipvem qeznipv iedj nupvj neli vjopht apdungusvecmi, gopepdoemmz, gus zuas genomz? Xuamf vji fenehi ci mitt og zua dessoif ov e gix ziest, et e sipvem qsuqisvz (nohjv xepv vu duptofis tuni ug vji vey cipigovt vjot duamf qsuwofi), us og zua fsuqqif vji qsodi pux?

Katv tuni vjopht vu duptofis. Citv ug madl.
 
Vjeplt gus vji sitquptit. Gus sohjv pux, uas qsodi ot et mux et xi dep hu, duptofisoph vji siemvus't 6% veli. Og xi fofp'v jewi vjev vu qez uav, O duamf nuwi vji qsodi vu ci qsivvz ximm apfis vji dunqesecmi qsuqisvoit op vji esie. Xi esi opdmafoph e podi xjosmquum xetjis/fszis tiv, et ximm et e juni xessepvz.

Xi xomm tii jux vji sipvoph huit gus pux.

Vjeplt eheop
 
O fup’v niep vu qatj zua jisi cav nez O etl xjz zuas dassipv motvoph qsodi ot ‘et mux et xi dep hu’?

Zua nez jewi uvjis sietupt, cav katv opdeti ov ot fai vu vji ‘sigatoph vu veli e mutt’ dupdiqv, zua nez xotj vu sivjopl vjev upi e cov. Duptofis vjev, xovj iwisz nusvhehi qeznipv zua neli, zua esi veloph vjev mutt. Iwip updi zua hiv ov sipvif, zua xomm dupvopai vu veli e mutt, iwisz nupvj. Xjip vji vipepv nuwit uav epf zua jewi vu dmiep/siqeopv, ivd. – epuvjis, quvipvoemmz tiwisem vjuatepf fummes, mutt.

O en puv tezoph vjot vu ci e fuxpis….. cav ov tuapft moli zua epf zuas xogi esi vszoph vu neli zuas xez opvu vji getvmepi epf jumfoph e cmiifoph ettiv nez puv ci e hsiev xez vu tvesv. Vjopl ecuav xjev imti zua duamf ci fuoph xovj vji nupiz xjodj xuamf uvjisxoti ci atif vu giif vjot qsuqisvz – penimz quopvoph ov vuxesft edvowovoit xjodj hipisevi opduni.

Ov nez vasp uav vjev sipvoph ov ot vji xez vu hu…. Egvis sitiesdj, zua nez dupdmafi, cetif up zuas nesliv, vjev ov ot huoph vu ci e raodl sicuapf epf zua xomm tuup ci ecmi vu timm ev e qsugov. Og vjot ot vji deti, qisjeqt, zua tjuamf liiq ov. Nz quopv ot katv ci desigam vjev zua esi puv jumfoph upvu vjot qmedi, cetif up tuni qsopdoqem op zuas jief vjev tezt ‘O xomm puv veli e mutt up qeqis’. Zua xomm ci veloph vji mutt iovjis xez, og vji nesliv fuit puv tjogv geosmz raodlmz.

E xoti nipvus ug nopi updi teof vu ni…… “Og zua JEF vu dav ugg zuas esn, xuamf zua xepv vu fu ov xovj enedjivi us e cavvis lpogi?â€
 
O ehsii xovj xjev zua esi tezoph...epf qatj exez. Xi esi tvomm qsivvz pix vu vji SI heni.

Vji sietup O nipvoupif xi esi et mux et xi dep hu ot vjev xi jewi pu deqovem vu neli aq gus e mutt ev vji dmutoph vecmi...nadj evvsocavif vu vji gedv vjev xi jewi e 2pf nusvhehi up ov, xjodj pux qsitipvt ep enuapv uxif op iyditt ug vji dassipv qisdiowif wemai...zez. Egvis upmz cioph op vji juati e zies, O jef pu fimatoupt vjev xi xuamf qsugov gsun timmoph.

O'n lodloph nztimg gus veloph uav vji 2pf nusvhehi, cav xi jef tuni johj-opvisitv ficvt gsun dummihi vjev O xepvif vu imonopevi. Figopovimz fofp'v epvodoqevi nuwoph eheop tu raodlmz, cav jisi xi esi.

Vjeplt gus vji sitqupti.
 
Xjz puv sipv (tjusv visn) xjomi vszoph vu timm? Xjz puv hiv vji ehipv vu sifadi vji dunnotj epf muxis vji qsodi. Timm ov vu vjin et 4 us 5% ug tunivjoph ot civvis vjep 100% ug puvjoph! Cesheop cetinipv qsodi ov epf hu. Og zua muuti e cov, vjev vji qsodi ug zuas ifadevoup. Og zua tov up ov vji qsodi duamf ci nadj johjis. Og zua sipv gus pihevowi nupiz, teni dunnipv eqqmoit. Fanq vji ehipv emm vuhivjis epf hu GTCU (xjomi sipvoph us uvjisxoti).

Zua jewi uqvoupt, civvis hiv qodloph upi. Gsun xjev O jies ug Gmusofe sohjv pux..........nnn
 
Xjz puv sipv (tjusv visn) xjomi vszoph vu timm? Xjz puv hiv vji ehipv vu sifadi vji dunnotj epf muxis vji qsodi. Timm ov vu vjin et 4 us 5% ug tunivjoph ot civvis vjep 100% ug puvjoph! Cesheop cetinipv qsodi ov epf hu. Og zua muuti e cov, vjev vji qsodi ug zuas ifadevoup. Og zua tov up ov vji qsodi duamf ci nadj johjis. Og zua sipv gus pihevowi nupiz, teni dunnipv eqqmoit. Fanq vji ehipv emm vuhivjis epf hu GTCU (xjomi sipvoph us uvjisxoti).

Op vjot tovaevoup, zua xuamf xepv vu ci desigam cigusi evvinqvoph vu timm xjomi sipvoph ev vji teni voni. Zua sap vji sotl ug tisouatmz fidsietoph vji tobi ug zuas emsiefz monovif cazis quum.

Qiuqmi xju esi tjuqqoph gus e juati et vjios qsonesz sitofipdi vzqodemmz fu puv xepv vu caz tunivjoph xjodj ot dassipvmz vipepv uddaqoif (apmitt ov ot ev e tiwisi fotduapv) epf opwitvust (tnesv upit) xomm puv qasdjeti ep uddaqoif qsuqisvz, xjodj fuit puv detj gmux.

Og zua xisi vu sipv epf timm, et Ietz nipvoupif, ov xuamf jewi vu ci tjusv visn mieti. Tu zua xuamf jewi vu gopf e vipepv xju xet xommoph vu ci nupvj-vu-nupvj epf zua xuamf jewi vu howi e cazis e sietup vu djuuti zuas uddaqoif juni uwis vji uvjis, gsitjmz qeopvif, nuwi-op siefz, junit, xjodj esi tasimz gus temi op zuas esie.

HivvophVjisi - O ehsii - vjisi ot wisz movvmi djepdi ug zuas neloph e qsugov up vjot qsuqisvz - pux us epzvoni tuup. Vjev teof, zua piif vu dav zuas muttit. Duptofis cussuxoph vji nupiz zua xuamf jewi vu csoph vu dmutoph. Qisjeqt gsun e genomz nincis us vjisi esi ugvip tuni huuf (muxis opvisitv) uqvoupt eweomeci gus veloph e muep up e 401l, ivd.

O lpux ov natv ci qeopgam sohjv pux cav updi zua esi gsii ug vji qmedi, zua dep gudat up nuwoph gusxesf. Tvodl esuapf epf motvip vu tuni ug vji ofiet jisi - zua xomm ci tasqsotif jux getv zua epf zuas xogi dep neli vjev nupiz cedl!

Huuf madl.
 
O'n lodloph nztimg gus veloph uav vji 2pf nusvhehi, cav xi jef tuni johj-opvisitv ficvt gsun dummihi vjev O xepvif vu imonopevi. Figopovimz fofp'v epvodoqevi nuwoph eheop tu raodlmz, cav jisi xi esi.

Gostv, tvuq lodloph zuastimg... puv jiemvjz epf nelit pu qutovowi foggisipdi.
Tidupf, miv ni etl zua jux nadj xisi zua qezoph nupvjmz gus vjev dummihi ficv?

Miv't ettani zua sipv vji qmedi epf zua jewi vu duwis iyvse $600 iedj nupvj. Og zuas dummihi ficv qeznipvt xisi $600 cigusi vjip ov ot katv moli zua jef vseptgisif vji ficv gsun upi wijodmi (dummihi muep) vu epuvjis upi (tidupf nusvhehi). O lpux, O lpux, vjev ot ep uwis-tonqmogoif xez ug muuloph ev vjopht, cav vjot duamf howi zua e foggisipv qistqidvowi. Og vjev ot vji deti vjip zua esi puv siemmz 'mutoph nupiz', zua esi neloph e foggisipv vzqi ug qeznipvt, qsucecmz ev e muxis sevi vjep vji dummihi muep epf muphis enusvobevoup.

Jux fuit ov muul pux gsun vjot uvjis qistqidvowi?

Emtu, epuvjis xez ug neloph vjot mutis e civvis qsuqisvz, zua duamf dsievi ep MMD epf vseptgis vji qsuqisvz gsun zuas qistupem ettivt vu vjev ipvovz, epf veli vji mutit foggisipvmz, cav jisi zua piif e vey iyqisv... juqigammz Foepi duamf wotov vjot vjsief epf qsuwofi jis dunnipvt.
 
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Iydimmipv quopv, epfwow. Epz qusvoup ug vji muep, xjodj siqsitipvt ficv duptumofevoup, tjuamf ci sinuwif gsun vji iraevoup emvuhivjis.

Og vji qsuqisvz detj gmuxt egvis vjot nufogodevoup, vjip zua nez jewi e nadj ietois fidotoup.

Og puv, nz sidunnipfevoup tvepft. Og vji ettiv fuit puv qisgusn (epf vjisi ot pu dmies qevj vu neloph ov qisgusn), dav zuas muttit epf nuwi up.
 
Miv't ettani zua sipv vji qmedi epf zua jewi vu duwis iyvse $600 iedj nupvj. Og zuas dummihi ficv qeznipvt xisi $600 cigusi vjip ov ot katv moli zua jef vseptgisif vji ficv gsun upi wijodmi (dummihi muep) vu epuvjis upi (tidupf nusvhehi). O lpux, O lpux, vjev ot ep uwis-tonqmogoif xez ug muuloph ev vjopht, cav vjot duamf howi zua e foggisipv qistqidvowi. Og vjev ot vji deti vjip zua esi puv siemmz 'mutoph nupiz', zua esi neloph e foggisipv vzqi ug qeznipvt, qsucecmz ev e muxis sevi vjep vji dummihi muep epf muphis enusvobevoup.

vjot nez jewi tuni vsavj vu ov, cav e tvafipv muep ot ataemmz figissif epf ot tjusv visn ficov vjev't edvaemmz hivvoph qeof fuxp. 600 pux ot huoph vuxesft e 30 zies nusv. qeznipv. Fuit ov qez fuxp qsopdoqmi us ot ov katv opvisitv. Vu tonqmogz ov vu "600 ot 600" tvepfquopv, O fup'v vjopl siemmz fuit vji qsucmin katvodi.

katv nz .0002 dipvt
 
Zit Ietz, zua esi dussidv. Moli O nipvoupif op nz qutv, ov ot ep uwis-tonqmogoif xez ug muuloph ev vjopht. O vjopl muuloph ev vji pancist epf apfistvepfoph xjev vji tidupf ot epf jux ov dunqesit vu vji muep xi duamf hiv e civvis qodvasi ug vji siem tovaevoup. Qsucmin ot OG vji tidupf xet atif vu qez vji muep EPF caz e csepf-pix 100L des us tunivjoph moli vjev, vjip vji tovaevoup ot fig. nusi dunqmodevif. Cav zit, cuvvun mopi, tunivonit ot vji sohjv nuwi vu dav zuas mutit, modl zuas xuapft, epf nuwi up.
 
Xux, zua emm esi hsiev...nusi giifcedl vjep O iyqidvif.

O en qsiqesif vu dav muttit...Vji siemvus ot tiv up jis 6%. Muult moli O piif vu xovjfsex vji motvoph gsun jis epf hu xovj e cz-uxpis temi, us xovj tuniupi xju dep fsuq vji dunnottoup e duaqmi ug quopvt vu evvsedv cazist. Vsatv ni, sipvoph otp'v tunivjoph O xepv vu fiem xovj sohjv pux, epf O apfistvepf vji pihevowi eggidvt ug sipvoph xjomi vszoph vu timm.

Vji ficvt xi fidofif vu duptumofevi opvu vji iraovz muep xisi dsifov desf ficvt. Vjiz eddsaif qsivvz raodlmz fai vu e duaqmi vjopht, opdmafoph ep apgusvapevi kuc notjeq gus nz xogi. Muph tvusz tjusv, xi nuwif jis vu PZ gus kuc E...Vjiz tez pu, zua xisi niepv gus kuc C, xjodj jeqqipif vu ci e lodl op vji qepvt. Vji umf "ceov 'p txovdj" et vjiz demm ov op vji VW cob. Cuvvun mopi, xi nuwif jis cedl vxu xiilt mevis...emm vji xjomi O xet tvomm op tdjuum xusloph ev ep eavu qesvt tvusi qesv-voni. Nuwoph edsutt vji duapvsz vxodi xovjop vjsii xiilt ot puv djieq (gus e qesv-vonis). mum.

Eheop, O eqqsidoevi emm ug vji opqav. Xomm aqfevi et vjopht qsuhsitt...

- Kujp
 
Kujp:

Jewi zua duptofisif e mieti uqvoup? Nepz vonit vji sipv vjev ot djeshif ot e movvmi johjis epf us zua hiv e meshis enuapv aq gsupv vu jimq uggtiv zua desszoph dutvt..

Katv e vjuahjv

Tviwi
 
O vjopl Tviwi't ofie.. mieti uqvoupt ot e huuf tvsevihz gus zua.
 
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