Best answer


Renting out your home is agreat way to experiment as an investor. Since you purchased the home as an owner occupant,you enjoyed a more competitive loan with a lower down payment then you would be able to secure as an investor who goes out looking to buy an investment property.

People also ask


  • Should you rent out your home?

  • Renting out your home is a great way to experiment as an investor. Since you purchased the home as an owner occupant, you enjoyed a more competitive loan with a lower down payment then you would be able to secure as an investor who goes out looking to buy an investment property.

  • Is it better to rent or sell a home?

  • When repairs matter: In general, the condition of the home matters less to potential renters than buyers. So, if the home could use some work, it might make more sense to rent the property than make all the upgrades necessary to sell.

  • What is the difference between buying and renting a property?

  • Renting a property is different to buying. Most tenants look for properties they can afford and offer the rent the property is being advertised for. Smart landlords typically let a property for slightly below the local average.

  • Is renting out a property tax deductible?

  • Any profit you make from renting out a property is liable to tax, which is certainly worth thinking about. You can find out more about how this works and what expenses are deductible by reading: Income tax when you rent out a property. You should also be aware of the 3 % levy being imposed on second homes and buy-to-let landlords come April 2016.