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Renting

64 questions found

Can I sell just one lot of our inherited vacation property to our longtime tenant?

We inherited a multi-lot lake property with several cabins, and the tenant renting one of them for six years now wants to buy it outright. Since my adult kids also have a stake in the family property, is it possible to sell off just that single lot without unwinding everyone elses ownership in the rest?

Asked by Beckett H. | Lubbock | 09-24-2026 | 25 Views | Renting | Updated 1 month ago

Can I even sell a rental with an unpermitted bedroom if I'm underwater on it?

I converted part of my living room into a 5th bedroom and added two bathrooms myself, but the final inspection never got signed off because I patched the drywall before they could check the screw pattern. Ive been renting out every room while living in a shed out back with no bathroom, and every agent I talk to just tells me to wait. I owe more than the market will probably give me now. What are my actual options here?

Asked by Preston W. | Austin, TX | 09-22-2026 | 41 Views | Renting | Updated 1 month ago

Does a reverse mortgage make sense when we don't actually need the cash?

We're retired with a paid off home worth about 1.5 million, no kids to leave it to, and three paid off rentals plus other income already covering us fine, so is there any real downside to taking a reverse mortgage just to free up cash for things like travel while we're both still healthy enough to enjoy it?

Asked by Walton P. | Naples, FL | 09-19-2026 | 45 Views | Renting | Updated 1 month ago

Is it normal for two lenders to calculate my income completely differently?

I sent identical paperwork to two lenders and one said my self-employed income wasn't enough for the loan I wanted while the other just asked for more documents, so is it normal for lenders to land in such different places on the same file?

Asked by Wyatt P. | Cedar Falls, IA | 09-11-2026 | 32 Views | Renting | Updated 1 month ago

Does requesting mortgage forbearance after a layoff hurt my credit?

I was recently laid off and am weighing forbearance on my mortgage versus continuing payments from savings. My loan is serviced by a national servicer, and I am current on all payments. If I remain current up to the point forbearance begins, is that request itself reported to the credit bureaus as derogatory?

Asked by Beatrix N. | Chattanooga, TN | 09-08-2026 | 51 Views | Renting | Updated 1 month ago

can i refinance by myself if my partner's credit is bad

okay so im trying to refinance my mortgage but the lender keeps saying my income alone isnt enough to qualify, and my partner wants to help but their credit score is like 580 which apparently tanks everything if we add them. is there some kind of workaround for this or are we just stuck paying the higher rate forever lol

Asked by Delphine R. | Toledo, OH | 09-07-2026 | 24 Views | Renting | Updated 1 month ago

Does a group home moving in nearby actually hurt resale value?

A group home just opened next door and the yard isnt kept up. We werent planning to stay forever anyway. Has anyone actually seen property values drop because of a group home nearby?

Asked by Colton R. | Waco, TX | 09-03-2026 | 45 Views | Renting | Updated 2 months ago

Does an unused HELOC on my primary home hurt my ability to qualify for a new investment property loan

i have a 250k heloc ive never touched plus 100k cash and got approved for a 200k mortgage on a rental condo but the lender says the heloc counts against my borrowing power even though i havent used any of it and i dont get why an untouched credit line drags things down or if a smaller mortgage actually gets a better rate

Asked by Renata B. | Sarasota, FL | 09-03-2026 | 38 Views | Renting | Updated 2 months ago

Are there tax risks to renting my condo to my son below market rate?

I'm planning to buy a condo in a high cost area and rent it to my son for just enough to cover the property taxes, HOA, and insurance, which comes out well below fair market rent. If I charge that little, do I still get to treat it as a rental for tax purposes and deduct those expenses, or does renting below market turn it into personal-use property in the eyes of the IRS?

Asked by Priya N. | Walnut Creek | 08-31-2026 | 53 Views | Renting | Updated 2 months ago

thinking about renting out my spare room to help cover the mortgage but not sure if im allowed to since its just me on t

thinking about renting out my spare room to help cover the mortgage but not sure if im allowed to since its just me on the loan. does the bank care if i have a roommate paying me or is that only my business

Asked by Frankie O. | Missoula, MT | 08-27-2026 | 36 Views | Renting | Updated 2 months ago