ST Alpha - "I know some other posters here are being a bit harsh, but this post is puzzling. $200 a month over six years is $14,400. " (Reading a Post)

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In response to "Yes I have an investment property in Colorado (I have had same renter 6 years but lose about 200 a month on it - the HOA) -- nm" by Capstern

I know some other posters here are being a bit harsh, but this post is puzzling. $200 a month over six years is $14,400.

Posted by David (aka David) Aug 12 '11, 13:56

You've lost that as an "investment property". You're describing $37k in debt, which is not unusual over the past five years. The fact that almost 39% of it stems from one bad investment is problematic. This is the disease rather than a symptom.

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I owe 120K on the property its worth 85K, I keep the rent at a place where I know the guy will stay. I write the loss off on the property. - Capstern Aug 12, 14:01 1
- Fair enough. My suggestion would be to put out feelers on that guy taking over the mortgage payments or finding someone who would. -- nm - David Aug 12, 14:02
Raise the rent a bit. Rent should go up every year, not once every 6. And I freaking rent. -- nm - MDH Aug 12, 13:58 1
- my rent hasn't gone up in five years *knock wood* - moles Aug 12, 13:59
I suppose, conceivably, the HOA fee was not as high when he first rented the place out ... -- nm - Beryllium Aug 12, 13:57

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I know some other posters here are being a bit harsh, but this post is puzzling. $200 a month over six years is $14,400.

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