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Finance Tip of the Day

Should I Sell My Old Home or Rent it Out?

  • 2016 13 Jul
  • COMMENTS
Should I Sell My Old Home or Rent it Out?

mvelopes

Should I Sell My Old Home or Rent it Out?

Recent trends show that many homeowners are opting to rent their old home rather than selling it. What’s that one question you should ask yourself before you decide to rent or sell your home?

If I had no renters, how long could I keep making two mortgage payments? If you’re in a position to carry two mortgage payments for a season, than it may be worth for you to consider becoming a landlord. If you’d be in trouble in the first few months, than you may be taking on too much risk!

Today's tip brought to you by Mvelopes and Money4Life Coaching.


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