Should I Sell My Home or Convert it to a Rental Property?

Selling a home and moving into another is something that you may be considering. This may because your job is taking you to a new location or you have simply outgrown your existing home. There are times, however, when putting your home up for sale might not always be your best option. Turning your existing home into a rental property might just be the better way to go under certain circumstances. Here are some very good reasons why you as a homeowner should consider turning a home into a rental property as opposed to selling it.

WAITING TO SAVE ENOUGH MONEY FOR INVESTMENT IN REAL ESTATE?

If you’re genuinely constrained in the budget, even that is not a problem today. Nowadays, for retail investors, investing in real estate has become seamlessly easier with pooled fund arrangement. You can get together with other individuals like you who want to invest in properties but lack adequate capital, you can pool a fund with them, and then you easily purchase the desired, highly promising properties.

FLIPPING A HOUSE: 3 TIPS TO MAKE IT MORE PROFITABLE

In recent times, flipping real estate investment properties have become quite popular. While the trend posts a great opportunity for investors to make more money, it also brings with it several pits. The moment something becomes trendy, more people jump in the scene without adequate knowledge; meaning, more people lose money. So, not everyone flipping houses are ending with profits.