Hi everyone! Hope everyone is doing well!!
After much thought and discussion I have decided to rent out my house!
For context, my house is in Central California (Los Banos), I purchased it for $452k and currently owe about $396k.
Mortgage is $2700 with 3.25% interest.
Rent estimators have all been around $2100 to $3000 (the $3k includes the fact that it is newer construction, has solar panels, 3 car garage and a tankless water heater).
A local property management company has estimated I’d get around $2500 a month.
I feel as though prices will increase in the future and am ok with not having positive cash flow in the short term.
I would be changing my primary residence address so as not to have my mail delivered 100 miles away.
I want to be sure that there are no clauses that prohibit me from renting out my primary residence without having to refinance.
My question for you all is: does anyone have recommendations for real estate attorneys or resources where I can look for one
Thank you!!
