Quote:
Originally Posted by Kngkyle
Rent it out again. Ask $200/month more than you think you can get and you'll still have 3 applications in 48 hours. At least that's been my experience in the past 2 months here in Chicago.
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well, that's what it looks like i'm gonna do with my "investment" property downtown.
we had it on the market to sell for weeks now, but only kept getting ludicrously low-ball offers from investors looking to scoop up deals in this higher interest rate market, and i came to my senses that it made no sense to try and cash out on it now.
so i told my agent to just get a tenant lined up for the next year, and with a fair market rate rent, it was scooped-up within hours. and with the new rent, i'll be +$400/month cash positive on it, so why not just keep it rather than taking a $20K - $30K hit.