False Alarm (most likely).

June 14, 2005 By Jonathan Ping 1 Comment
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Well, I e-mailed my landlord, and she says the appraisal is because she is looking into refinancing the house. I guess that’s cool, I have no reason not to believe her, except that I thought that she inherited this house from her parents, but I’m not 100% sure. I do know that she is definitely cashflow positive, since she talks about how it’s great to have extra income every month and she uses it to pay for home improvements on her own house, etc. She’s always struck me as a bit passive-aggressive, so I’ll keep my eyes open.

Filed Under: Real Estate
Last updated: August 4, 2006
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Comments

  1. Doug says
    June 15, 2005 at 2:14 pm

    Even if she did indeed inherit the house, there are reasons to refinance:

    She may have inherited a mortgage along with the house. By refinancing, she’ll keep more of the passive income after paying her mortgage payment.

    If she does own the house out right, she may want to get some money out of the house in order to buy more property (or otherwise invest). Again, this assume, your rent will still cover the payment she needs to make on the new mortgage or home equity loan.

    I wish somebody would drop a house on me like this.

    “Now begone, before somebody drops a house on you!” – Glenda, the Good Witch of the North

    Reply

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