Yes, because it builds equity and if it’s our primary residence for 2 of the past 5 years, we could sell it and pay no capital gains ($250,000/$500,000). But if we just live in the house, we have security and “rent control” but it’s a “personal use” asset and not making us monthly income, unless we rent out part of our home.
Today’s podcast addresses this exact dilemma I’m having. Listen to get real numbers and a thorough discussion.
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