Brought to you by the Every Dollar app. Start budgeting for free today.

So I had a condo in Seattle that I live in.

Pay $2,300 a month for mortgage cost HOA.

And then last year, I speak that because my, my, I'm from Florida initially

or originally and my parents are older and I have a plan of moving back to Florida. And so I

got, I freaked out because of the housing situation kept going up and I felt like if I waited,

I would get price out of market. So I went ahead and bought a second home in Florida

at the top of my budget. Oh gosh. And the mortgage for that is $4,000 a month. Well, sell it.

And I well, it's now I'm in negative equity. I my take-home pay is $8,600 a month.

Yeah, but, I mean, why can't you sell it?

Well, because now the price has gone down, and I already spent $50,000 in that past year because I couldn't rent it for whatever reason.

Who said the price went down?

Yeah, so now it's like maybe. No, who said that? Because the

prices in Florida have not gone down. What are you talking about? No, where it is, according to Zillow and I

talk to a real... Zillow is not a reliable source on anything. Okay. When did you buy? How long

has it been since you bought it? I bought it May 1st, 2024. I closed on it.

Then I tried to put it on the market to rent it, but it's been empty for 13 months.

I just finally got a renter last two weeks on June 1st. But there's still negative. So $4,000 mortgage a month and they pay $2,700.

Do you have any money?

I have $50,000 in savings and then some in 401k.

Okay.

Go to ramsysolutions.com and click on Real Estate ELP.

...