Hi,
Could anybody offer me any advice on the following circumstance.
My wife and I own our current property outright.
Our current house is on the market in a subject to sale agreement on another property.
We are considering keeping our existing house, borrowing more money to cover the cost of the next property.
We would then rent out our existing property while living in the next property.
Would it be possible to treat our first property as an investment property?
Thanks
Gerard
Could anybody offer me any advice on the following circumstance.
My wife and I own our current property outright.
Our current house is on the market in a subject to sale agreement on another property.
We are considering keeping our existing house, borrowing more money to cover the cost of the next property.
We would then rent out our existing property while living in the next property.
Would it be possible to treat our first property as an investment property?
Thanks
Gerard