My wife wants to move to a bigger house. She suggested we just rent a bigger house and rent our house out and at first I was thinking “nah that just sounds like a pain in the ass” but then I started thinking “why don’t we just sell our house”. I will use the proceeds to pay for a couple years of rent in the bigger place and then put the rest in bitcoin. My parents want to downsize in a couple years so when they want to move we can move into their house.
I am now seriously considering this idea.
Yea, alot of people I know that say "we will rent out the original and move into a bigger home" don't know all the downstream implications of doing this. It can be another job depending on the tenant.
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Always depend if you want to keep a larger share of profit, but then you have to get involved a lot more... The best is to have teenagers that will mow the lawn for a fraction of what a maintenance company would charge, but then you have to manage the teenager :P
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