• SlumLord Plan - multi-family house as second stream of income
• find a roommate..... :(
• buy a dirt-cheap little dump, under $100,000, if short sale is possible on my house
• consult with Karen at Calcagni, consult with an attorney who specializes in short sale
2/22/10 - Karen referred me to Don Brown, attorney specializing in Short Sales. He crunched some numbers and said there is no way I can be approved to take on a new mortgage while I still have this one on my current house. Blech. Not what I wanted to hear.
Karen said to look again at what options I can find with family. Financial pressure of mortgage / rent can be relieved (while I still contribute.... no freeloading!). Once my credit recovers from the Shart Sale damage (3-4 years), I will be in a position to think with a clear head, and make better decisions. By then, I'll be able to buy something better than a little dump or a slumlord property.
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