All Forum Posts by: Jacob Patterson

Thanks to all the replies im going to take everything in to consideration.

Thanks for the advice @ Brandon Turner it was just something i was thinking about and i didn't know if the cash flow would be that great. The how to rent your house was a great read. I'm really going to treat this like a business if i decide to rent the home out. Do you recommend forming an LLC if i do rent out the property?

I bought a personal home a little over a year ago and planned on living in it for 5-7 years before i sold it or rented it out. But my wife and I are possible fixing to move to Houston because she just got a job promotion. My question is should i lease my house and become a landlord? My real estate agent told me that my property in my neighborhood could rent for 1500-1750 a month and my current mortgage is 1200 a month with insurance and taxes. So that would be 3600-6600 a year. I only have 10,000 in equity in my home and i don't think i could get out from under it if i used my agent to sell it . When we move we may have to rent for 6-12 months until we would be able to buy again. I don't know what to do and could use some advice. Thanks