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Updated over 4 years ago on . Most recent reply

Barry Je's profile image
Barry Je's profile image
Barry Je
  • from Tacoma, WA
  • Member since Sep 27, 2017
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33
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7
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Barry Je's profile image
Barry Je's profile image
Barry Je
  • from Tacoma, WA
  • Member since Sep 27, 2017
Connect
Barry Je
  • Tacoma, WA
7
Votes |
33
Posts
Buying & Selling Real Estate

Turning residence into a rental

Barry Je
  • Tacoma, WA
Posted

I'm moving to NYC but just bought a house three months ago here (very last minute job offer that I just couldn't turn down).  I'd like to turn it into a rental.  It's new, no issues, ready to go.  

What kind of insurance policy do I need to change my homeowners policy to?  Does this alert the mortgage company?  Are mortgage companies converting mortgages from residence to rental/investments?  How is that done?  Can it be done in these weird COVID times?  The house was bought for 1.1M slightly over 3 months ago.

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