I'm Moving || Should I Sell Or Should I Rent?

You are moving into another home, the question is what is the best way to make a return on your previous property? Should you roll your income into your new home or should you rent out your old home. I'm joined by CG that has this exact problem and we discuss all the unknowns about this.

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Kris Krohn is not in the business of providing personal, financial or investment advice and specifically disclaims any liability, loss or risk, which is incurred as a consequence, either directly or indirectly, by the use of any of the information contained in this document. Also, Kris Krohn, this document, and any online tools, if any, do NOT provide ANY legal, accounting, securities, investment, tax or other professional services advice and are not intended to be a substitute for meeting with professional advisors. If legal advice or other expert assistance is required, the services of competent, licensed and certified professionals should be sought. In addition, Kris Krohn does not endorse ANY specific investments, investment strategies, advisors, or financial service firms.


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The contents of this video are for informational and educational purposes only. They should not be considered investment, financial, legal or tax advice. Kris Krohn is not licensed in the insurance or securities industries and is not in the business of selling, soliciting or negotiating the sale of any insurance contract, security or other investment vehicle.

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[rdfta]

If you don’t have the cash for a 3.5% down payment, just rent and wait until you do. The HELOC might be a low or no cost option to draw, but you’re still paying interest on any of it that you use.

[antonioruberto]

Forgot to mention PMI if you don’t put down at least 20%.

[eliteaone]

Great video. Well presented and very informative.

[halfabrikbragito]

But the heloc only if your credit score is eligible

[dogdaddy]

and then there's a thing called a credit score

[jayc]

Sell and 1031 into a nice house with an ADU..in Texas..rent out the ADU

[EdgarBlendz]

I’m 16 years old watching vids like this 😭

[johnnycostilla]

I've recently called to quote a heloc and everyone is telling me they aren't doing helocs at the moment.

[Jesussaveme]

Hi Kris,
I have a question about the Heloc option and buying another primary residence. I just bought a home in December with a FHA loan and my home has increased in equity substantially. My question is should I use my HELOC to purchase my next home and rent this current home out after the one year mark and if so should I open a business and not put it in my personal name? I get so confused about that, I want the tax write off and benefits but, I’ve heard you shouldn’t have too much in your personal name. Thanks!

[alexischristensen]

What if my mortgage on house #1 is higher than rent rates for the area? Does it make sense to rent at a loss for a period of time?

[tsebelaygese]

I thought he has $140k equity instead of $ 40k.