Forum Discussion
TDiddy51
Jul 06, 2013Explorer
One thing you might consider is to rent your house out to a tenant. Depending on where you live, and the amount of your mortgage payment, it may even provide additional cash flow. We are having a real estate agent handle ours. It cost us one month rent for the signing of a lease and 5 % monthly for her to handle all repair/incidental calls. Renting the house out may be scary to some extent, but with the proper financial and criminal background checks our agent is doing, we feel comfortable with the arrangement. You can even put a clause in the rental contract to give the tenant 90, 120 or 180 days to vacate in case of your desire to move back in.
It is worth investigating in my humble opinion.
It is worth investigating in my humble opinion.
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