All Forum Posts by: Tyler Capolungo

Have you thought about selling the primary to see if you can split that into two investment properties or a multi instead since it seems like you can buy the next without selling that? Sometimes the homes we buy to live in don't become the best rentals and your money can be used better on a different asset, especially in Denver.

Thanks for your response! I have considered this, but due to Denver being such an expensive market to get started in my current plan is to keep buying using personal loans to secure the property for less money down. Even with the equity built up on my current property it would not be enough to put 20% down on something comparable.

0 Votes

Denver, Colorado

Hi everyone,

I've been in my home for 3 years now and I'm looking to purchase a new home and convert my current property to a long term rental. I purchased my house using a conventional loan in 2021. Is there any requirement that I notify the lender that the property will no longer be my primary residence? I currently have no plans to change the mortgage at all and would like to keep my current payment and rate as is. If there is a requirement to notify my lender how would I go about that process?

Thank you for your guidance here!

0 Votes

Denver, Colorado

All Forum Posts by: Tyler Capolungo

Tyler Capolungo has started 1 posts and replied 2 times.

Post: Converting my primary residence to a rental

Post: Converting my primary residence to a rental