Rent out Paid Off Home or Finance a House to Rent?
So I have decided that I want to invest in real estate. But in order to get my wife on board she does not want to use any equity out of our Paid Off 1976 4-Bedroom 2-Bath 2100sqft Home in Kingwood, Tx. She likes the secure feeling of having it paid off. So I guess my options are to Rent out our Paid Off home and use an FHA or 203k loan to buy our next home(for a hell of a deal of course) or should I just take a loan out to buy a rental home and stay put?