Buy Your Dream Home Without Selling Yours First
Renting Out Your Current Home
If you're not ready to sell your current home, consider renting it out. This option can generate additional income to cover the mortgage on your new property. With the rental market remaining strong in many areas, this can be a profitable strategy. However, it's important to factor in landlord responsibilities and potential vacancies. Many homeowners successfully transition to landlords, leveraging rental income to ease the financial burden of owning two properties4.