Can someone please advice on getting out of a bad housing loan?

I bought two condos for $120,000 each and now the price has dropped to $40,000 each, I still owe the bank $80,000 for each condo, how do I get out of this deal without hurting my credit, both these condos are rented but the rents do not cover the monthly payments I have to pay $300 out of pocket, PLEASE suggest the best alternative in this case. ThanksCan someone please advice on getting out of a bad housing loan?
Raise the rent a bit.





You are pretty much stuck until they recover. That's the thing about investments - sometimes they go up, sometimes they go down.








$300 a month for an investment like a condo? Sounds like a bargain. I'd pay $300 a month for an assett like a condo.Can someone please advice on getting out of a bad housing loan?
If all you are out of pocket per mo is $300 or even 600, you have a deal!





in 3-7 yrs, the condos will have regained their loss and be again


worth what you paid.





i can show you how to pay off the mortgages early, so that


you will not have this strain forever. If you want that, get back to me.