Tag Archives: should

I cannot sell my town home because my HOA could not get the property re-certified what should I do?

I am in the process of buying a new home and would like to get out of the town home I’m currently buying but the property is not selling. HOA has no money to keep the property up but I’m paying them monthly HOA dues. I do not want to rent it out, the property in going down, drugs and up keeps, need to get out of the mortgage. Is there anyway to get out of my mortgage since the property is going down hill

moving to US, should I sell my rental property in Toronto, Canada?

Hi, my wife is US citizen, I am living in Canada and have a rental property and my own property in which I am living with my family at the time being. I will be moving to US soon and leaving my property for my parents to live in and I will be paying mortgage for them while I am working in US by sending money back to Canada, should I do that or sell that house and let my parents rent somewhere else? what are the benefits, pro or con of either way? and should I also sell my rental property as well or should I consider keeping it for now and sell it later hope for housing value will going up in the future? (again, my properties are in Toronto, Canada). Does US government charge tax on my properties in Canada? Thank you

Should I sell the rights to my minerals below my property?

I was contacted by a mineral company earlier this month. They want me to sell the rights to any minerals found on my property ( or 2000 feet below my property) during their mining. They offered me 10K up front or royalties throughout the entire life of the mine which is expected to be around 10 years. First off, does anyone have experience with this? Should I sell the rights or should I hold out for a better offer? Should I take the cash up front or the royalties? Any help is greatly appreciated.

I have a realtor but no one has even called to see my property, should I rent it instead of sell?

its a one bed one bath condo in the northshore of IL. On the market for 149,900. Totally remodeled, granite, stainless steel appliances, pool, garage, great location. Would it be more beneficial to take it off the market and rent it for $900 if my mortgage and assessments equal $1240./month.
How can I refinance it without living there? I don’t want a high interest rate that coincides with owning rental prop vers a home you live in? IS it overpriced?