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Updated about 11 years ago on . Most recent reply

Account Closed
  • Homeowner
  • Palmetto, FL
2
Votes |
13
Posts

Renting out mortgaged properties

Account Closed
  • Homeowner
  • Palmetto, FL
Posted

Quick question: So all I hear is about renting out properties you have a loan on. Now I just got my first mortgage at 2.25% and if I wanted to rent it out what is the process? Should I put it in a trust? May my contract have a waiting period being a USDA loan? Anyone have that answer or should I ask an attorney? And if I want to keep acquiring rentals with notes on them what tips may anyone have for me in getting started? Thankyou

Most Popular Reply

User Stats

604
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243
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Andy Collins
  • SFR Investor
  • Dallas, TX
243
Votes |
604
Posts
Andy Collins
  • SFR Investor
  • Dallas, TX
Replied

Live in the house for a year, during that time you can read what you signed

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