Comments on: How hard is it to refinance your home as a rental property? http://www.refinance--blog.com/renting-real-estate/how-hard-is-it-to-refinance-your-home-as-a-rental-property Refinance Information and Deals Tue, 22 May 2012 16:07:16 +0000 http://wordpress.org/?v=2.7 hourly 1 By: TheMom http://www.refinance--blog.com/renting-real-estate/how-hard-is-it-to-refinance-your-home-as-a-rental-property/comment-page-1#comment-36 TheMom Sun, 23 Nov 2008 11:35:20 +0000 http://refinance--blog.com/renting-real-estate/how-hard-is-it-to-refinance-your-home-as-a-rental-property/#comment-36 I do this every few years. My parents have done it my entire life. I grew up in houses being "fixed up". You won't have a problem. My parents now live entirely off of rent, and live very well. This is not a problem. In CA you don't need any permits, I don't know where the other poster lives, but I have never heard of that. Some HOA disallow renters, so you need to check that if you are in one of those communities. The mortgage gets redone as an investment, which changes your taxes a bit. Use a tax professional to keep it straight and get all of your benefits. I do this every few years. My parents have done it my entire life. I grew up in houses being “fixed up”. You won’t have a problem. My parents now live entirely off of rent, and live very well.

This is not a problem. In CA you don’t need any permits, I don’t know where the other poster lives, but I have never heard of that.

Some HOA disallow renters, so you need to check that if you are in one of those communities.

The mortgage gets redone as an investment, which changes your taxes a bit. Use a tax professional to keep it straight and get all of your benefits.

]]> By: wizjp http://www.refinance--blog.com/renting-real-estate/how-hard-is-it-to-refinance-your-home-as-a-rental-property/comment-page-1#comment-35 wizjp Sun, 23 Nov 2008 01:42:29 +0000 http://refinance--blog.com/renting-real-estate/how-hard-is-it-to-refinance-your-home-as-a-rental-property/#comment-35 Most lenders will just require an assignment of rents and leases if you have checked zoning and gotten the permits and the things needed to set up a rental property in your state Most lenders will just require an assignment of rents and leases if you have checked zoning and gotten the permits and the things needed to set up a rental property in your state

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