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I'm Moving || Should I Sell Or Should I Rent?
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- Опубліковано 4 вер 2022
- You are moving into another home, the question is what is the best way to make a return on your previous property? Should you roll your income into your new home or should you rent out your old home. I'm joined by CG that has this exact problem and we discuss all the unknowns about this.
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The contents of this video are for informational and educational purposes only. They should not be considered investment, financial, legal or tax advice. Kris Krohn is not licensed in the insurance or securities industries and is not in the business of selling, soliciting or negotiating the sale of any insurance contract, security or other investment vehicle.
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Forgot to mention PMI if you don’t put down at least 20%.
If you don’t have the cash for a 3.5% down payment, just rent and wait until you do. The HELOC might be a low or no cost option to draw, but you’re still paying interest on any of it that you use.
Great video. Well presented and very informative.
But the heloc only if your credit score is eligible
Love this video!
and then there's a thing called a credit score
Great video! Very well presented
What if my mortgage on house #1 is higher than rent rates for the area? Does it make sense to rent at a loss for a period of time?
Very helpful!
Sell and 1031 into a nice house with an ADU..in Texas..rent out the ADU
I’m 16 years old watching vids like this 😭
Same 💀💀
Hi Kris,
I have a question about the Heloc option and buying another primary residence. I just bought a home in December with a FHA loan and my home has increased in equity substantially. My question is should I use my HELOC to purchase my next home and rent this current home out after the one year mark and if so should I open a business and not put it in my personal name? I get so confused about that, I want the tax write off and benefits but, I’ve heard you shouldn’t have too much in your personal name. Thanks!
Gotta get a llc then
I've recently called to quote a heloc and everyone is telling me they aren't doing helocs at the moment.
I love you Chris.
1st 🥇
I thought he has $140k equity instead of $ 40k.
They won’t let you borrow your full equity.