There’s a growing trend with homeowners to buy second properties while keeping their first homes. The goal is to turn the second home into the primary residence while using the first home as an investment property. This could be a good option if you want to grow your wealth through real estate. Even if you only break even on your expenses now, you can wait for your first home to increase in value and then sell it for a higher profit than you would make if you entered the market now. However, there are plenty of risks that come with turning your primary residence into an investment opportunity. Use this guide to learn how to buy a second home and rent the first while making the transition as smooth as possible. Benefits of Renting Out Your First Home There are several benefits if you want to learn how to buy … Continued
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