Best answer
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.
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Should you rent out your home instead of selling it?
Here are reasons why you should consider renting out your home rather than selling it. 1. Have You Always Thought About Owning An Investment Property But Did Not Know How To Go About It? Well, Now Is The Time To Try It Because You Already Own The Home! Renting out your home is a great way to experiment as an investor.
Why rent out your home?
Even if you can’t generate cash flow, there are still excellent financial reasons to rent out your home. Many of our landlords relocate for new relationships and new jobs and do not buy homes right away as they try out these new situations. Our landlords are upwardly mobile and make good money and the tax deductions really matter.
Is it better to rent or buy a house?
The move is temporary: If you plan to return at some point in the future, renting out your home might be the way to go. Consider what called the breakeven horizon, which is a calculation that helps you decide whether it makes more sense to rent or buy, based on how long you plan to live somewhere.
Should you buy an investment property or rent out your home?
Well, Now Is The Time To Try It Because You Already Own The 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.