Pros * Additional income stream: When tenants move into your property and start paying rent, you'll have an extra income stream. * Chase Bank How to Successfully Buy a Second Home and Rent the First
: The IRS allows you to "depreciate" the building's value (excluding land) over 27.5 years , providing a non-cash expense that can shelter your rental income from taxes. buying a second home and renting the first
: Rent from your first home can provide a steady monthly cash flow that may even help cover the mortgage on your new primary residence. Pros * Additional income stream: When tenants move