About E-man


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Registered Nov 09, 2009

E-man's most recent comments:

  • On Sun, 10 Jan 2016, 8:39pm PST in Keep or sell rental property this spring, E-man said:

    beebshire says

    House is older in questionable neighborhood.

    I'd sell for this reason. Otherwise, I would consider hanging onto it for the following reasons:

    Option 1: Sell at $220k and net about $90k profit. Tax liability is about $30k after factored in 15% long-term capital gains, 10% state tax and 25% depreciation recapture. You walk away with about $80k.

    Option 2: Do a cash-out refinance at 75% LTV. You walk away with about $67k after fees and closing costs. Your cash-flow is close to neutral, but someone is buying you a house.

    The delta is $13k between the two options. If you don't see yourself as a long distance landlord and given the fact that the house is in a questionable neighborhood, I'm a seller. Also, the market is approaching the top and your rental is in a tertiary market, which tends to take the biggest hit during a recession.

    Best of luck with your decision!

  • On Fri, 25 Dec 2015, 8:59am PST in annual xmas wishes, E-man said:


    Merry Christmas! Long time no talk. How's everything going?

  • On Fri, 25 Dec 2015, 8:50am PST in Wishing all a Very Merry Christmas, E-man said:

    Merry Christmas to you and your family folks! May this Christmas be merrier than your last.

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