RENT YOUR PROPERTY
A homeowner who has a mortgage payment low enough that market rent will allow it to be paid can convert their property to a rental and use the rental income to pay the mortgage.
PRO: Allows homeowner to keep property indefinitely.
CON: The issues that can arise with a rental property are many and rent often does not cover the full cost of property ownership and maintenance.
PRO: Allows homeowner to keep property indefinitely.
CON: The issues that can arise with a rental property are many and rent often does not cover the full cost of property ownership and maintenance.
