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Need Creative answer

I Need Creative answer - I totally own a property but cannot afford to live there, ran out of money. I am not working how do I get the cash to live on? The home was bought Dec. 2007 for $225,000. Have been trying to post this question for 2 hours so re-writing it without many details trying to figure out why yahoo answers won't let me post?

I talked to a guy who really scared me - he said he would give me $3,000 up front and give $1,300 per month over 12 years. That would be like giving him my home for not only 1/2 of what I paid for it but with no equity or lump sum of money to do anything with it. This sound like I would lose a lot of money.

Suggestions please.

Answer 1

IF YOU NEED MONEY I SUGGEST YOU GET A JOB. I HIRE AS AN IDEPENDENT CONTRACTOR. STARTING PAY IS TYPICALL $20 AN HOUR HOWEVER, DEPENDING ON YOUR SITUATION IT CAN BE HIGHER IF NEED BE. EMAIL ME IF YOU ARE INTERESTED

Answer 2

If you totally own it you only need enough for property tax.

Get a roommate if you are staying, rent it out if you do not want to live in it.

That "deal" you were offered is BS, he offered you about 12k for the house, unless he was thinking the 1300 was interest free.   After you paid income tax on this you would end up with very little, and no house.