Buying new primary residence and renting curren: NEED ADVICE

[Jim Hagerman]

Hello all,

 I’m looking to buy a new primary residence and turning my current one into a rental property. When trying to do the deal analysis on my current property, it’s asking for the purchasing and closing costs. Since these costs have already been incurred years ago, do I still take them into consideration? Or do I only focus on the current mortgage payment? Is there anything else I should be considering when trying to analyze this to make sure it’s a wise decision? Thank you all!