Good question! For a variety of reasons, you may want to rent your house rather than sell…give me a ring and we can run the numbers to make sure you are informed of all the options. Investment property can be a good source of income but it’s not without risk. If renting is the way to go, check out, “How to Rent Your House: The Definitive Step by Step Guide” from Bigger Pockets!
Looking to buy, sell or rent in Colorado Springs, give Rob a call at 719-440-6626!
Allowing a home to go into foreclosure does not necessarily absolve you of the debt. The deficiency balance – the difference between the mortgage value and the ultimate sale value of the home – can chase you for years.
This is not legal advice; always consult an attorney or CPA as applicable. However, I can state that you have options in a pre-foreclosure situation.
Call or text me at 719-440-6626 and we can talk about those options.
While not all inclusive, this checklist is a starting point for renters. To me, the most important tip is this: get the existing damages and needed repairs documented via photo and in writing.
This is an extremely difficult rental market. Don’t lose your security deposit because you didn’t document the move in.
I firmly believe that the most practical way to wealth for the majority of people is real estate. How do we get there? Bigger Pockets offers a few tips.
It can be really tough to get started, from raising the needed capital to finding the right deals. There are options, though, from low money down owner occupant loans to no money down VA loans.
Call, text, or email me and let’s talk options!
Rob @ 719-440-6626 or robthompsonrealtor@gmail.com
Longer answer: the VA loan is actually a Veteran’s Administration guarantee on a home loan. It allows a military member to buy a home with no money down and avoid Private Mortgage Insurance (PMI). PMI is insurance on a loan; in the case of a VA loan, the VA is the insurer. Further, most lenders can do VA home loans; you are not locked into using a specific bank or lender. It’s your entitlement and prerogative to compare interest rates and closing costs.
Looking for a lender? Give me a call and we can talk options.
Call Rob @ 719-440-6626 or email robthompsonrealtor@gmail.com
This 3 bedroom rancher has an open floor plan, stunning view and a TON of potential! Located near Woodmen and I-25, listing for $225K – this one will go fast! Call Rob @ 719-440-6626 or email robthompsonrealtor@gmail.com.