From: "John A. Weeks III" 
Newsgroups: misc.invest.real-estate
Subject: Re: Steps to Renting out First Home
Date: Sun, 21 Aug 2005 23:58:41 -0500

In article <1124684008.399688.321160@z14g2000cwz.googlegroups.com>,
 ginad515@ADELPHIA.NET wrote:

> I have found a renter for my home for $300 beneath my actual mortgage
> payment. As my first home, the mortgage is somewhat higher than the
> going rent for rentals in my area. 

Why would you give someone $300 a month to live in your house.
Not to mention that you have expenses, repairs, and taxes to
pay above and beyond the mortgage payment.  Then there is 
insurance.  And the risk that the renters will trash the place.

You would be far, far better off to sell the place.  If you
end up with a profit, invest it wisely.  At least you would be
earning a bit of interest rather than paying out $500 to $1000
per month

-john-

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John A. Weeks III           952-432-2708            john@johnweeks.com
Newave Communications                         http://www.johnweeks.com
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