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.