Can I Turn My House Into a Rental When I Move?
Moving always comes with questions that need to be answered. The hassle of going through the process of selling your home can make you wonder if it’s really worth it. If you have run the numbers and have been toying with the idea of turning your home into a rental property when you move, there are some considerations you need to take into account.
Check Your Mortgage Terms
Some mortgages require that you live in the home for a set amount of time; FHA and VA loans are an example. If you haven’t lived in your home as long as your terms require, you cannot transition your home to a rental and move out.