Rent VS Buy- what are the pros and cons?
Check this section out in Moving1stclass.com for valuable tips on how to proceed if you are thinking of buying. Find out the tax ramifications of owning another residence. Before you decide to buy, do one more thing. Use the RENT VERSUS BUY calculator on Moving1stclass.com to see how the numbers play out. Use the calculator to get the run various options and understand the cash flow and tax implications of owning another residence. Decide whether to rent it out for a few months or not. Learn about 1031 rollovers as a great investment opportunity for growing your nest egg. History shows that if you rent for two months or less, continue to rent. If are renting for three or more, it may be time to buy.