I want to make my house a rental property but just wondering should I re-finance first and then get rental?
I talked to a morgage company and the guy suggested that I should just re-finance and then make it rental property, he said I don't have to declare that it's a rental property. Also, I won't be eligible for FHA and sorta individual loans.
Just wondering if someone knows if this legal or not?
My loan's origional terms were for theree years. So, I 'd have to re-finance in a few months anyway.
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But you'll be in for a double-barreled shock when you come to DC. Housing prices and commute times will both be higher than you're used to. I absolutely recommend that you try out rental housing when you first arrive. ..... Real Estate Agent for Rentals: I'm preparing to rent my house in the next few months and wondering about the pros and cons of using a real estate agent. Of course I'd rather not fork over the money, but I realize it will be helpful in showing the home ...