All Forum Posts by: Dysteny S.

I have a question about renting out my VA financed home. I've lived in it over two years and I know the original occupancy was 60 days, but since I have lived in it for 2 years, am I allowed to rent the property out? I've read 12 months occupancy is enough to cover the occupancy requirement. Is this something I discuss with the mortgage company before renting? I don't want to cause trouble with them obviously, so making sure I am allowed to rent is key.

@Elenis Camargo Thanks for your insight! Selling the home at this point would not bring any profit, which is my ultimate goal. I do fear the expenses of repairs, although the home is new. I've heard of appliance plans to cover cost etc, which would be another expense, but I imagine well worth it. With the home being in TX, and relocating to MN, I can't keep tabs on it as much as I'd like to, although I know people in the area who wouldn't mind a drive-by check. I am hoping the property management company will handle the hassles for me, and keep a steady tenant that won't ultimately destroy the home, ruining its value. 

I am caught between the decision to sell or rent my home. It’s 2 years old, and I’m having to relocate for a job to another state. If I list it for sale, it might break even and I can sell it and walk away, but I may end up having to bring money to the table. On the other hand, I can rent it, make $300-400 extra month off of it, and try and sell it in a year or two. I eventually want to sell the property, once the equity builds. I’m in the central Texas area and I’ve found a good property management company, but I am very hesitant to rent it, with all the horror stories of bad tenants. I don’t plan land on returning to the area I might add. It feels like more of a hassle to sell it, since i may not walk away clear(with the house being so new). Should I give renting a try?