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Updated over 5 years ago,
Investing while renting
I’m coming up on two years in my current house, and will be ready to sell at that time (to avoid capital gains tax). With that, I’m looking to put a good chunk of the profits back into an investment of some sort... open to multi or single family options.
My question is around my primary residence post sale of my current home. So far I’ve bought two houses and used them as slow flips to generate some return. I have heard schools of thought, although not many, on the idea of renting your primary residence with investing in property that you don’t live in.
Does anyone have a take who has experienced this, and can provide some logic around why it may be better or worse to own both your primary residence and of course have a rental portfolio?
Thanks in advance!
Brandon