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If you’ve been thinking about needing a home upgrade, or if you just feel the need for a change of scenery, you’re in luck. The exceedingly low mortgage rates during the pandemic still have a significant effect on the market now. And if you take advantage of that, your dream home may just turn into a reality. Today, I’ll be sharing exactly how you can achieve that.
When you lock in your property at really low mortgage rates, having your previous home turned into a rental property may ensure a positive cash flow that can be used to pay for the mortgage rates, allowing you to buy and move into a new, larger house. By renting out your previous home, you’ll be able to find loan packages that will enable you to factor in the rental income from your previous home, adding that to your debt-to-income ratio.
This emerging trend and business idea is called the “accidental landlord.” The accidental landlord trend creates a unique opportunity for homeowners that allows them to buy a larger replacement house.
So, if you’re interested in giving the rental business a try in a bid to secure your new home, please don’t hesitate to reach out to me via call, email, or text to schedule a free consultation. I can help you navigate the market and discover the best opportunities. With my expertise in financial analysis and real estate, I can help you not only with your real estate needs but also by guiding you throughout the financial aspects of buying a home and help you gain financial freedom at the same time.
