Updated over 5 years ago on . Most recent reply
Lateral Move vs Straight Investment Property
My wife and I are fledgling investors and like many want to build our passive income and net worth through investment properties. Currently, we have one property in Huntsville, AL that once was our home and is now a rental property. It is cash flowing and we are debating if we should do the same thing or buy a straight investment property. I know there are benefits to moving lower down payments etc, but what benefits are there to buying an investment property over just moving to another house and converting our current home into a rental property? Thank you in for your help.