Rebecca from California

I think that's what she said last time I asked her about it.

Hey guys, thanks for taking my call. Um, I've got a question. I'm a hundred percent stumped on what to do. I'm currently in about $7,500 a month worth of mortgage debt. Um, I, it's two more mortgages. The first one's about 3000. The second one's 4,500. I live in the one is my primary residence. The other one I'm holding onto it's renting out, but it's losing money every month.

Hey guys, thanks for taking my call. Um, I've got a question. I'm a hundred percent stumped on what to do. I'm currently in about $7,500 a month worth of mortgage debt. Um, I, it's two more mortgages. The first one's about 3000. The second one's 4,500. I live in the one is my primary residence. The other one I'm holding onto it's renting out, but it's losing money every month.

Hey guys, thanks for taking my call. Um, I've got a question. I'm a hundred percent stumped on what to do. I'm currently in about $7,500 a month worth of mortgage debt. Um, I, it's two more mortgages. The first one's about 3000. The second one's 4,500. I live in the one is my primary residence. The other one I'm holding onto it's renting out, but it's losing money every month.

So I don't know whether I hold the property and wait for it to appreciate and just weather the loss and take the tax deduction from it every year from the interest. Or do I look to sell the property and I won't recover what I put into it? So I'm not going to be recovering my closing costs or any of my down payment. I'll basically break even if I sell it. I bought it at the height of the market.

So I don't know whether I hold the property and wait for it to appreciate and just weather the loss and take the tax deduction from it every year from the interest. Or do I look to sell the property and I won't recover what I put into it? So I'm not going to be recovering my closing costs or any of my down payment. I'll basically break even if I sell it. I bought it at the height of the market.

So I don't know whether I hold the property and wait for it to appreciate and just weather the loss and take the tax deduction from it every year from the interest. Or do I look to sell the property and I won't recover what I put into it? So I'm not going to be recovering my closing costs or any of my down payment. I'll basically break even if I sell it. I bought it at the height of the market.

Doug, you are the violinist on the Titanic, man.

Doug, you are the violinist on the Titanic, man.

Doug, you are the violinist on the Titanic, man.

I know. I know. But I look at it and I say, hey, you know, I'm saving a little bit maybe from the taxes.

I know. I know. But I look at it and I say, hey, you know, I'm saving a little bit maybe from the taxes.

I know. I know. But I look at it and I say, hey, you know, I'm saving a little bit maybe from the taxes.

So do my calculations matter on this? Because I've, I've basically looked at if I hold onto this property at a three or three and a half percent appreciation over the next three years, I can pull my money out. I can get what I put back into it.

So do my calculations matter on this? Because I've, I've basically looked at if I hold onto this property at a three or three and a half percent appreciation over the next three years, I can pull my money out. I can get what I put back into it.

So do my calculations matter on this? Because I've, I've basically looked at if I hold onto this property at a three or three and a half percent appreciation over the next three years, I can pull my money out. I can get what I put back into it.

Okay.

Okay.

Okay.

Income right now, I make a decent income. I bring home about 220 net. Amazing.