If you are like most current homeowners right now, who may own their current home at a really low interest rate and hate to give that up... then perhaps this is the exact push you needed to consider owning more real estate for your overall wealth building portfolio.
See, I have found that most fear the concept of owning multiple properties due to a misunderstanding of how you could possibly afford both... while unsure of how you would even qualify for such.
Although this is best to discuss during a buyer strategy call, what I will say is that often times we can use an executed lease agreement to negate the monthly liability of that mortgage payment (usually 75%) to your overall debt-to-income ratio.
This makes it possible to qualify for your future home while also retaining your current home as now a way to also help bring in monthly cashflow (as well as own another appreciating asset).
If you would like to schedule a time to dive deeper on this, let me know!
#Rental #RealEstate #Investing #Wealth #RealEstateInvesting #Landlord
#BuildWealthThroughRealEstate #AppreciatingAsset #Mortgage #MortgageStrategy
