Re: Compromise Sale Reporting
11-16-2012 06:46 AM
Another thought concerning the long distance landlord issue... You may be able to hire a "property manager" and structure the deal so that they get a nice sign up bonus when they stick a tenant in your house and then get an incentive for obtaining a long term tenant.
That way, you can have your cake and eat it too... You could get by for at least 2 years doing this... and you may not make money, but I think you could break even and hold out until the market rebounds even more in 2 years. A lot of real estate agents are also property managers on the side... I would find one of these.
You might get lucky and rent to someone who eventually buys your house.
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