Should I Sell My House Or Turn It Into A Rental?
Should I sell my house or turn it into a rental?
Well, it depends…here are two client stories that may be helpful to you in order to make an informed decision!
Client #1: Keeping the House as a Rental
Context:
Owned the house for 4 years and has substantial equity due to appreciation
Moving on to their next home and they don’t require the equity from the sale to purchase their new property
The home's low interest rate and low maintenance make it an attractive rental option
The monthly mortgage payment is lower than the potential rental income = cash flow!
Decision: This client decides to keep the house as a rental, leveraging it to build wealth through real estate!
Client #2: Selling to Maximize Equity
Context:
Owned the house for more than 5 years and has substantial equity due to appreciation
They have made significant improvements to the property.
Decision: This client decides to sell the house to take advantage of the equity they have built up. They plan to utilize the proceeds to purchase a new home and also invest in real estate by acquiring a property to renovate and sell. This approach allows them to leverage their equity for future opportunities.
Diverse Options, Tailored Decisions
The decision to sell or keep your house as a rental depends on your circumstances. When deciding, it’s important to consider the following factors: equity, appreciation, interest rates, property maintenance, and personal financial goals. You have multiple options available and we are here to help you make the best choice for you!
Ready to sell your house?
We have options! Together, let's figure out which is best for you.
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