Buying a new home: what should you do with the old one? This approach could save you a hefty, unnecessary tax bill
Keeping your former home as a rental after buying a new one may be your first step into property investment. If all goes well, you may look forward to earlier financial freedom and a comfortable retirement. Financially, however, this is not always feasible. Even if funding is no problem, getting the timing right is crucial. And even with ample funds and perfect timing, your home may not necessarily be a suitable rental property for the market.