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The Wendy Monday

Being a Landlord FAQs


Being a Landlord FAQs


Becoming a Landlord by renting out your current house and buying another one. FAQ ❓

Being a Landlord FAQs

📌How much house can I buy?

It depends on your personal financial picture. Do you have enough qualified income to qualify for both mortgages? Is your credit score high enough?

📌How long should I keep it as a rental?

After 3 years, you lose your Capital Gains Exclusion and that could be costly. Losing that Capital Gains Exclusion means you could owe tens of thousands of taxes when you do sell.

📌What if really expensive repair comes up, like the HVAC going out?

Be prepared with a line of credit or savings for unexpected problems.

🎥 How To Guide : Renting Your Current Home, Buying Another One 🎥

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Buying + Selling in Nashville?

Wendy Monday • Broker

PARKS Real Estate

💻 www.wendymonday.com

📧 wendy@wendymonday.com

📞615.642.1313

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