Dec
7
Grandmajini asked:
My home in Tucson has been listed over one month. A business friend suggested the market here might improve in over a year so why not rent it? There are over 8K listings in the Tucson and they are still building. We were hit hard by investors whom homes not lay vacant with some shingles up for over 7 months. I want to move back to Virginia this year. I have a first and second. I could refinance and pull some cash to consolidate and move. However I have been told it is harder to sell a rental than owner occupied when that time comes…I would hire a property manager. How would I do a comparison financially..my husband doesn’t think it would be worth it as a writeoff unless we could affort to buy on the other end? Any info would be appreciated.
rabbit cages
My home in Tucson has been listed over one month. A business friend suggested the market here might improve in over a year so why not rent it? There are over 8K listings in the Tucson and they are still building. We were hit hard by investors whom homes not lay vacant with some shingles up for over 7 months. I want to move back to Virginia this year. I have a first and second. I could refinance and pull some cash to consolidate and move. However I have been told it is harder to sell a rental than owner occupied when that time comes…I would hire a property manager. How would I do a comparison financially..my husband doesn’t think it would be worth it as a writeoff unless we could affort to buy on the other end? Any info would be appreciated.
rabbit cages
Aug
20
How hard is it to get approved as a Renter after your home has been Foreclosed?
Filed Under Renting Real Estate | 5 Comments
menifeegal92584 asked:
We were homeowners for 17years, and sadly due to poor judgement we borrowed against our home to help finance our Construction Business. The business had to be shut down, and our house payments were just to high for us to handle. No option of selling because the market is so bad and we would owe more than we could sell.
So here we are having to now Rent and I’m so afraid that no one will Rent to us because we now have bad credit and a Foreclosed home on our record.
Any helpful advice……signed Heartbroken Mom
bullet proof vest
We were homeowners for 17years, and sadly due to poor judgement we borrowed against our home to help finance our Construction Business. The business had to be shut down, and our house payments were just to high for us to handle. No option of selling because the market is so bad and we would owe more than we could sell.
So here we are having to now Rent and I’m so afraid that no one will Rent to us because we now have bad credit and a Foreclosed home on our record.
Any helpful advice……signed Heartbroken Mom
bullet proof vest