Been very passively looking to buy a new home in Dallas, and the market seems to be cooling off so if the right thing came along we might buy within the year.
My question is, what is the most advantageous thing to do with our current property? I'm thinking renting it out for a few years might make sense if the market isn't super hot, but I know nothing about being a landlord.
For those with experience, what is your advice on the situation? Is it relatively simple if your property is in good shape? Should we just sell if we're busy and don't have much time to devote to this? Appreciate any advice.
My question is, what is the most advantageous thing to do with our current property? I'm thinking renting it out for a few years might make sense if the market isn't super hot, but I know nothing about being a landlord.
For those with experience, what is your advice on the situation? Is it relatively simple if your property is in good shape? Should we just sell if we're busy and don't have much time to devote to this? Appreciate any advice.