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Updated 6 months ago on . Most recent reply

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Minnina Smith
  • Columbia, SC
7
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4
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Newbie Question ???

Minnina Smith
  • Columbia, SC
Posted

I currently own my home. As I’m starting my real estate investment journey, would it be a wise decision to rent out my primary residence and seek a temporary rental for myself while I save money to purchase an additional property for investment?

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Malcomb Stapel
  • Investor
  • Topeka, KS
490
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667
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Malcomb Stapel
  • Investor
  • Topeka, KS
Replied
Quote from @Minnina Smith:

I currently own my home. As I’m starting my real estate investment journey, would it be a wise decision to rent out my primary residence and seek a temporary rental for myself while I save money to purchase an additional property for investment?


 That would be depend on how much cashflow you can generate from your primary as a rental versus what an apartment will cost you. For instance, if you make $500 in cashflow a month but you spend an additional $1000 for rent are you really ahead? 

  • Malcomb Stapel
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