Looking for some advice for my current situation. Wife and I just purchased our first home in August 2023 for 372K @ 6.625%. Mortgage including escrow is $2600 per month.
I am wanting to apply for an assignment with a RNLTD of June 2025. My concern is obviously that we will not make money or even break even on the house sale if I was to get accepted for the assignment. We don’t make enough money to support 2 mortgages so keeping the house is basically not an option. According to Homebot/Zillow the house is worth a little over 400K, but at the end of the day I understand it’s only worth what someone will pay for it.
Like I said just looking for some advice/stories/anything about what you guys would do in my shoes. This assignment isn’t an end all be all but it is something I would like to do. There will most likely be opportunities for it the following year, so I could always just wait and see which I think is the best choice. Appreciate any words of advice!
Posted by MacDaddy228
1 Comment
Rent it out when you leave.