Updated over 2 years ago on . Most recent reply
Putting home for rent and buy a new one?
Would you recommend putting your current home for rent (Interest rate is at 2.9%) to get some cash flow and buy something more expensive at the current interest rate to start on real estate?
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Do you value more on cashflow or appreciation? Will you be able to rent out your current primary, and still being able to purchase your next primary house. If yes, you will be able to use your current rental income from your primary that you're moving out at 75%. This will allow you to offset and increase your borrowing power.