How to Buy a New Home and Rent the Other

It’s pretty common that when we buy our first home, we don’t have a lot of cash to put down. When we sell that property a few years later we might not have a lot of equity in the property. It might make more sense to sock away cash for the down payment on your new home and keep the other property as a rental.Most of the time we just want to sell our current home and buy a new one, but there are times when we might want to keep our current home and rent it out instead of selling it.  Today’s article goes over just how to buy a new home and rent the other, and the exact 4 steps for doing that.

 

When it’s Time to Sell Our First Home

It’s pretty common that when we buy our first home,  we don’t have a lot of cash to put down.  When we sell that property a few years later we might not have a lot of equity in the property.  It might make more sense to sock away cash for the down payment on your new home and keep the other property as a rental.

You can read the rest of this article here….

 

 

 

About Sharon Vornholt

Sharon has been investing in real estate in the Louisville Area since 1998. Innovative Property Solutions will buy your unwanted house "AS IS", without any hassle, and for a fair cash price. Contact us today. You can be rid of that unwanted house by this time next week.

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