Stop buying so many houses, have enough down payment that you aren't instantly underwater, and have large cash reserves?
You mentioned "rent" in your post, so you know it's a thing.
There’s not really much you can do except those two options.
Housing is an investment, and not every investment pays out. Especially when you try to turn a long term one into a short term one.
Was in your shoes a few times. How much less than even are talking? If that amount is manageable, I would advertise that home as a “rent-to-own” with the optimism that mortgage rates will decrease and the value of your home will increase in year or two. This option will also cut realtors fee/closing costs as the property manager will act the agent when time comes to put it under contract.
Otherwise, I would bite the bullet and sell it. If the home is VA loan funded and has an attractive interest rate, you could advertise as such with an assumable loan.
Good luck, man. The mortgage rates/market will rebound as it always will.
It doesn't help you, but I gotta say, this is the reason why I never bought a house until I retired.
I started active duty as a tanker with a law degree, and I spent three months at my first JAG office before going to JAG OBC. I made the mistake of admitting I'd worked in the tax clinic in law school, and my SJA plunked me at the tax clinic for a month. I saw a lot of senior clients come in with multiple rental properties, and I was pretty tempted to turn my BAH into mortgage payments, but I did not.
Fast forward to the housing bubble popping, and I had a bunch of friends with multiple mortgage payments who were in danger of losing a lot of money.
Any investment involves risk. Houses don't always appreciate in value; tenants can be assholes who wreck your place. I admire the courage of those who buy a place every time they PCS, but I preferred being able to turn to a landlord when things go wrong and saying, hey, this needs fixing, as well as being able to move out of a place without worrying about anything other than getting my full deposit back.
Never bought a house, maxed out my TSP and invested in top several largest companies in the US stock exchange. Give several years, and it's really hard to go wrong this way
Stop buying so many houses, have enough down payment that you aren't instantly underwater, and have large cash reserves? You mentioned "rent" in your post, so you know it's a thing.
There’s not really much you can do except those two options. Housing is an investment, and not every investment pays out. Especially when you try to turn a long term one into a short term one.
Was in your shoes a few times. How much less than even are talking? If that amount is manageable, I would advertise that home as a “rent-to-own” with the optimism that mortgage rates will decrease and the value of your home will increase in year or two. This option will also cut realtors fee/closing costs as the property manager will act the agent when time comes to put it under contract. Otherwise, I would bite the bullet and sell it. If the home is VA loan funded and has an attractive interest rate, you could advertise as such with an assumable loan. Good luck, man. The mortgage rates/market will rebound as it always will.
Easy, never bought a house and invest my money in stonks
Easy, I've never bought a house
Depends on how much of a loss the sell would be. Do the math from there
It doesn't help you, but I gotta say, this is the reason why I never bought a house until I retired. I started active duty as a tanker with a law degree, and I spent three months at my first JAG office before going to JAG OBC. I made the mistake of admitting I'd worked in the tax clinic in law school, and my SJA plunked me at the tax clinic for a month. I saw a lot of senior clients come in with multiple rental properties, and I was pretty tempted to turn my BAH into mortgage payments, but I did not. Fast forward to the housing bubble popping, and I had a bunch of friends with multiple mortgage payments who were in danger of losing a lot of money. Any investment involves risk. Houses don't always appreciate in value; tenants can be assholes who wreck your place. I admire the courage of those who buy a place every time they PCS, but I preferred being able to turn to a landlord when things go wrong and saying, hey, this needs fixing, as well as being able to move out of a place without worrying about anything other than getting my full deposit back.
Never bought a house, maxed out my TSP and invested in top several largest companies in the US stock exchange. Give several years, and it's really hard to go wrong this way