All Forum Posts by: Loring Hinds

A few more details: I have lived in the current house for several years. Not much equity - my income can handle both notes. The rental idea is based on the tax advantages and some income opportunities. I can refinance and lower payment $400. That would boost income to the point where I would pay myself back for the refi cist in four years.

@Adrian:

The buy option is something I have thought about. I would appreciate meeting with a local expert.

Thank you all to the feedback. A lot to consider with this property. The house I'm thinking of renting is in a gated community in New Tampa 4/3/2 about 2400 sq ft. with a pool. 12 years old. Comp rentals are about $2000-$2200 per month.

Thsnk you for great guidance

Thank you for your response. Seems like I'm on the right track.

Lorinf

I have purchased a new home and intend to rent my current house.  Cash flow will be neutral to slightly positive, but the Tampa market seems to be finally rebounding.  My goal is to capture the appreciation that will likely occur over the next few years and accept the limited income (for now).  Thoughts.