Had our rental house on the market for a few months with no luck. It’s definitely not going to sell for the dollar amount I need to break even in this market. I have a HELOC balance I used for the down payment as well. Pretty much have to wait a few years until prices go up. Rent only cover about 68% of the mortgage and Heloc payment which both are pretty much all interest.
I have a 3.75% rate. Is there a way for me to put the property for sale with the ability to transfer the rate? I feel like it would be a huge sales motivator and help me get the price I want for the house. Even thought about a for sale by owner with a big enough down payment then they pay what I pay for the mortgage.
Thanks in advance.
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source https://www.reddit.com/r/RealEstate/comments/1ileokk/can_i_transfer_my_375_rate/
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