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- Aug 1, 2007
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I think you just let it ride unless you can put that money to better use. The value of the property will increase over time regardless of any correction in the short term.The housing market is really enticing right now. For instance, I have a townhome that I am cash flowing $500/month, but I could sell it now and walk away with 110-120k. Really don't know what to do.
Anything you could do in terms of renovation to justify higher rent? Or is someone living there long term?