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Updated about 4 years ago,
To keep my California property or sell
Hello all,
Looking for some advise here. I currently own a home in San Diego under a va loan. I would like to possibly turn this property into a rental when I leave. I’d like to then buy a property in va using a conventional loan.
contributing factors; current home loan is roughly 500k.
being my first home it feels like a lot and I’m a little nervous to hang on to it. My mortgage would be comparable with other rental properties in my area.
how would holding onto this property effect a conventional loan when I move to VA? Would it hinder my ability for another decent loan?.
Or..
selling it seems like an easy way out.
many advise would be appreciated.