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Updated about 4 years ago on . Most recent reply

User Stats

2
Posts
3
Votes
Val Valerio
  • Investor
  • Reno, NV
3
Votes |
2
Posts

I need advice! Help!

Val Valerio
  • Investor
  • Reno, NV
Posted

Hello folks! My wife received a job offer out of state. We decided to take it and move. Our house is currently listed for sale, but it isn not getting much traction and running out of time before our move in December.

So, we would like to rent out our property (two houses, one lot: 3/2 and 2/1 ).  Our mortgage was originally for a "Primary Residence."  Can we rent it out, refinance later, to get money out for a new home?  Or do we need to refinance as a rental first?  I'm very confused.

Thanks for your help,

Val

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