Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated about 4 years ago,
Rental Lease for Mortgage Application
Hi, Everyone this is my first post but wont be my last. So happy to be apart of the bigger pocket family.
So question, I currently house hack and have 2 formal rental leases for my current home. I am in the process of buying a duplex in the Fort Lauderdale, FL area and mortgage broker is asking for an annual lease agreement for my current home that I house hack. Will the month-to-month leases I have in place suffice if I net an excess amount over my mortgage payment. Basically my mortgage (P&I, Insurance, and Property Taxes) equal $1,350 and I collect $1,700 month-to-month with my house hack. Would love you guys feed back on this. My ultimate goal is to move out of my current home then fully rent it out and move into the duplex for another house hack.