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Updated over 7 years ago on . Most recent reply

Alex Ewing's profile image
Alex Ewing's profile image
Alex Ewing
  • from Cincinnati, Ohio
  • Member since Nov 10, 2013
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Alex Ewing's profile image
Alex Ewing's profile image
Alex Ewing
  • from Cincinnati, Ohio
  • Member since Nov 10, 2013
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Alex Ewing
  • Cincinnati, OH
3
Votes |
8
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Starting Out

Renting Out Current Primary Residence — How?

Alex Ewing
  • Cincinnati, OH
Posted
We are considering moving to a new home and renting out our current home. My question is how this works—I am thinking we would transfer title to an LLC, but do we have to notify the lender? Can we just keep making the mortgage payments? Do we need to refinance with the LLC? We have an FHA loan. Thanks for any advice.
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Jason D.'s profile image
Jason D.'s profile image
Jason D.
  • Rental Property Investor
  • from St. Petersburg, Fl
  • Member since May 8, 2017
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Jason D.'s profile image
Jason D.'s profile image
Jason D.
  • Rental Property Investor
  • from St. Petersburg, Fl
  • Member since May 8, 2017
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Jason D.
  • Rental Property Investor
  • St. Petersburg, Fl
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Jason D.
  • Rental Property Investor
  • St. Petersburg, Fl
Replied
Find tenants and move out. It's really no more complicated than that. You've lived there for 9 years so you are not going to have a problem with your mortgage company.
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