Owning Two Properties with Pools
Once you have moved out of your first home with out selling it and have found your second home which is better suited to you, you can hire a company that you like to manage your first property for you.
Easy peasy, let them deal with the tenants, the maintenance, the stress. All you will need to do is deposit the rent check and pay your mortgage on that first property.
Do you know what that means? You are having someone else pay into your investment! Once that home is paid off it will be pure income for you (minus the fees for the property management company).
There is nothing to complain about there! Other people are going to buy you a property and make money for you until you decided to leave the home ownership game. Plus, you get to live in a home that better fits you. It is what it is referred to as a win win situation. Sure there are going to be bumps in the road as there are in any situation where you are going to have to pay for a few appliance that breaks down suddenly but all in all it will be a wise investment that can give you a reliable steady income for years to come. Pool maintenance will be important at your new home, improving the quality of your back yard. Just think about it for a second, once the move is complete, your family will enjoy many hot summers cooling off in your under ground pool.
The price of living is only going to go up, people are always going to need a good clean safe place to live. So why shouldn’t you be one of the home owners out there who provides such a place and makes some extra income in the mean time? Once you have your first rental home under your belt you will only want to build up from there. Before you know it you will be a multiple property owner and have income coming in from more directions then you can count!