The rent vs. sell debate is a complicated one. It really comes down to where you’re at financially and where you want to be.
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We are excited to talk to you about today’s topic, which comes to us courtesy of our good friend, Ed Erickson. He wanted us to give some information on the benefits of selling and the benefits of renting, so those in the position to do either can make the decision that’s best for them and their family.
One reason someone may need to sell instead of rent is because they need the net proceeds from the sale to purchase a new home. Another reason is because they don’t want to be a landlord or have to deal with a property management company. Maybe they just have some really good equity in the property and want to cash out to take the money and invest it in something else.
However, renting out a house has its fair share of advantages. If you have negative equity, renting can help you build it back up. One of the great benefits of renting out a property is the many tax advantages. Depending on how your accountant handles things, renting out a property could help you out a lot. Finally, renting allows you to start a real estate portfolio while also providing a passive income stream.
The stock market is always up or down, but the real estate market is a much safer bet. You can make a good deal of money investing in properties if you do it correctly. Thanks again to Ed for providing us with the topic. If you are in need of any business coaching needs, please give Ed a call at (773)-672-7418 or visit ericksoncoach.com. He will take great care of you.
If you have any questions for us about whether you should consider selling or renting your house, we would love to help you out. Just give us a call or send us an email. We look forward to hearing from you.
One reason someone may need to sell instead of rent is because they need the net proceeds from the sale to purchase a new home. Another reason is because they don’t want to be a landlord or have to deal with a property management company. Maybe they just have some really good equity in the property and want to cash out to take the money and invest it in something else.
They each have their own benefits.
The stock market is always up or down, but the real estate market is a much safer bet. You can make a good deal of money investing in properties if you do it correctly. Thanks again to Ed for providing us with the topic. If you are in need of any business coaching needs, please give Ed a call at (773)-672-7418 or visit ericksoncoach.com. He will take great care of you.
If you have any questions for us about whether you should consider selling or renting your house, we would love to help you out. Just give us a call or send us an email. We look forward to hearing from you.
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