Posted by BillW on February 24, 2001 at 08:30:53:
Akil, I don’t mean to sound blunt, but the reality is that you should sell this house. You said yourself that you’re a novice and that’s working against you. Your chances of flipping a couple of properties in the meantime is probably low. You and the wife are at the limit. She said that she can’t afford it. It’s time to end the problem and move on. There will be plenty of other houses in the future to use for rentals. Don’t create extra problems for you both. If you really want to keep the place, then refinance and get her off the deed and off the loan. Let her move somewhere else and then you’ll have the house.