Hi,
I have a question as follows:
I have a single detached house and mortgage free now, I am wondering whether I should sell it and use the money as down payments to buy another 2 houses or I can rent it out and use the home line of credit as down payment to buy another 2 houses?
which is the best way and cons and Pros?
Also, if I renovate the basement of the house, can I rent it out for 2 units/families? I do not have separate entrance of the basement...is it legal?
Thanks for your advice!
Sue
I have a question as follows:
I have a single detached house and mortgage free now, I am wondering whether I should sell it and use the money as down payments to buy another 2 houses or I can rent it out and use the home line of credit as down payment to buy another 2 houses?
which is the best way and cons and Pros?
Also, if I renovate the basement of the house, can I rent it out for 2 units/families? I do not have separate entrance of the basement...is it legal?
Thanks for your advice!
Sue