Posted by GL(ON) on January 07, 2003 at 09:24:59:
What are you trying to accomplish? If you paid the going rate and financed it to the hilt then no, you are not going to make a profit.
If you just want to bail at any price, and the townhouse is worth somewhere near what you owe on it, then you may be able to sell on a lease option and even squeek out a little profit.
If this is your home and you suddenly got the hots to do real estate deals by reading this site, then cool your jets. You would be better off staying where you are, learning more about the RE investing business and looking around for a deal you can really profit on.