We are looking to buy a house and land not far from where we live. I’m wondering if we should sell our current home or keep it and rent it out. Rentals are sought after around here. Can any one give me some advice please? What are the drawbacks? Thanks
]Depends on a lot of factors!. The main two being, do you own the house outright?. If yes then definately keep it, the benefits options and security it will give you in the long run far outweigh 99% of other investments.
The second being can you afford to buy the other house without selling your house?.
[]Hi Cremin, we are into our third year of our morgage, so no we don’t own the house outright. We would be borrowing more money to buy a second house. What do you think?[
] Thanks!
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