This is a decision that sometimes get’s over complicated. It’s actually not a decision at all if you need to pull the equity from your current home to secure a new one or to secure much more favorable financing terms. But if it’s not then it’s still a relatively basic financial analysis. This article details some of those factors but if the property is in an appreciating market, would give you a positive cash flow when rented and it’s rolling towards lots of needed capital improvements than keeping it could be an excellent highly leveraged low risk investment strategy. As always call me to discuss the various ins and outs.
By Chris Dominick|2019-07-23T15:11:28-04:00July 23rd, 2019|
About the Author: Chris Dominick
With 27 years in the real estate industry and a referral based business model, Chris provides unparalleled ability and experience and a laser like focus on providing the most exceptional real estate experience you can imagine. All facets of the transaction, including a roster of elite level service providers, are employed as we see around corners and deliver a smooth and profitable transaction.