If you are planning to sell your current home and purchase a new one, it might make sense financially to consider holding on to the property and renting it out. Having a tenant pay down your mortgage for you, while you are earing all the equity gain in the property is one of the best financial decisions you can make for long term growth. Plus the mortgage interest and maintenance costs of the rental property will be tax deductible.
We will work with you to determine if the new rental income would cover all of the current monthly expenses of keeping your property, and we can explain to you the long term benefits that come with holding an investment property.