Should You Keep Your Current Home as an Investment Property When Buying a New One?

 

Are you sitting on a great mortgage rate and wondering if you should sell your current home or hold onto it? According to real estate experts, keeping your current home as an investment property while purchasing a new one could be a financially savvy decision.

The Benefits of Keeping Your Current Home

If you purchased your home years ago and secured a fantastic mortgage rate, you're in an advantageous position. Here's why keeping your current home as an investment property makes sense:

  1. You maintain that favorable interest rate instead of giving it up

  2. You already know the property well, eliminating surprises

  3. It provides long-term investment value while you still upgrade your living situation

  4. Rental income can help offset your new mortgage costs

Building Your Real Estate Portfolio

By keeping your current home and purchasing a new one, you're not just moving—you're building a real estate portfolio. This approach allows you to:

  • Generate passive income through rental payments

  • Benefit from property appreciation on multiple properties

  • Create long-term wealth through real estate investments

  • Diversify your investment strategy

Professional Support Makes the Difference

Managing an investment property while purchasing a new home requires expertise. Working with professionals who understand both the selling and leasing aspects of real estate ensures you make the right decisions for your specific situation.

Is This Strategy Right for You?

This approach works particularly well if:

  • Your current home has a significantly lower interest rate than today's market rates

  • The rental market in your area is strong

  • You have the financial capacity to maintain two properties

  • You're looking to upgrade to a home that better suits your current lifestyle

Connect with The Justin Landis Group

Whether you're looking to sell your current home or transform it into an investment property while purchasing a new one, the Justin Landis Group can help. They offer comprehensive services including:

  • Home selling support

  • Property leasing assistance

  • Personalized guidance to determine the best strategy for your situation

  • Expertise in helping homeowners upgrade while maintaining their investment properties

Don't navigate this complex decision alone. Contact the Justin Landis Group today to explore your options and discover how you can make the most of your real estate investments.

Tune in for weekly valuable insights and practical tips with Justin and Kristin on Atlanta’s Q99.7. This insightful discussion was brought to you by a paid partnership with Kristin from The Bert Show on Atlanta’s Q99.7.

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