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Updated 12 months ago on . Most recent reply
How to rent out my home so I can buy a multifamily and househack?
Hi! I am a newbie investor that owns a home in Glendale Heights that is interested in it out so I can buy a multifamily and househack. Do any of you know if a lender would loan to me, if I did rent my home out? And if so, would I need to rent it out for a certain length of time before the loan? I have a w2 job earning about 100k a year, with a good amount of capital and some equity on my home (since it’s on a 15 year). Also would it be better to sell my home? I am hesitant in doing so due to my low interest rate. How can I make this happen? Any suggestions and steps are appreciated. Mahalo!
Most Popular Reply
Thank you for your prompt response. Do you suggest I speak to a lender or attempt to get my house rented first? I will have a place to stay should my house get rented.