To improve your economic security you should plant in your mind the idea you should never sell a house. Converting your home to a rental house can provide long-term rental income and economic security to you and your family.
Great information Terry. I’m sure this is a strategy most folks, especially those that aren’t real estate investors, have never thought about. Have a great Thanksgiving.
I liked your article about helping people by make loans through kiva.com. Sounds like a great way to make a difference in the lives of others during the Thanksgiving holiday.
[…] don’t have to make house payments on a property that has no tenants paying rent. In other words, living in the house while I repair it is better than having it empty. If I live in it, I make the mortgage payment that I would […]
[…] purchasing a fixer-upper investment property, you may decide not to sell your principal residence, but instead turn it into a rental property. In this case, the next house that you purchase and live in once again qualifies you for the lower […]
[…] [VIDEO] Real Estate Investing Tips: How To Generate Long-Term Profits From Your Old Home Posted by: stan | Category: Real Estate Investing […]
Great information Terry. I’m sure this is a strategy most folks, especially those that aren’t real estate investors, have never thought about. Have a great Thanksgiving.
Sharon,
Thanks for the comment.
I liked your article about helping people by make loans through kiva.com. Sounds like a great way to make a difference in the lives of others during the Thanksgiving holiday.
Terry
[…] don’t have to make house payments on a property that has no tenants paying rent. In other words, living in the house while I repair it is better than having it empty. If I live in it, I make the mortgage payment that I would […]
[…] purchasing a fixer-upper investment property, you may decide not to sell your principal residence, but instead turn it into a rental property. In this case, the next house that you purchase and live in once again qualifies you for the lower […]