My Blog #108
Cash-out and rent: everything you need to know
Just because you’ve entered the property market as a buyer doesn’t mean you have to feel obliged to stay in it for the rest of your life. More and more homeowners are seeking out exciting new opportunities and big ticket items by funding them through the sale of their homes. To give you plenty of food for thought, let’s take a look at how it works and what the benefits to you are.
How does cashing out and renting work?
The idea behind this approach to financial freedom is nice and simple. You sell your home, take the large lump sum of cash and split it between an exciting new opportunity in life and renting a home of similar size. That means you get to maintain your same standard of living whilst simultaneously having the money to be able to do something you never thought possible. Ideal if you want to get more out of life than you ever imagined.
You could spend the money on a dream new home
You don’t have to settle for choosing between renting or buying pre-existing properties if you don’t want to. If you’re someone who knows exactly what you like but just can’t seem to find it at a reasonable price on the market, why not start thinking about building your own home? It’ll be an exciting journey that allows you to build a life for yourself in the dream home you thought you’d never find, and you can fund it all simply by cashing out.
You have the freedom to invest your money
Investing your money and renting a home of similar size is something that’s becoming increasingly popular. It gives you the chance to make your money work for you in a potentially highly lucrative way, and to still enjoy the same quality of life in the meantime. This is something well worth considering if you want to be able to lay the foundations for a comfortable retirement, leave work early or anything else you’ve always dreamed of doing.
Starting a new business is something more and more people are doing
The great thing about cashing out is that you can instantly unlock a large sum of money to put towards something completely different. By investing in a business you can get a new idea off the ground and provide the extra resources that could turn into the next big thing you always knew it could be.
What happens next?
Now that you know the basics of what the offer entails, there’s nothing more prudent than speaking direct with an expert. Our team will get to know your individual circumstances as if they were our own, and then make the specific recommendations that will allow you to chase your dreams and build a brighter future for yourself that makes real financial sense.
Point to NOTE:
We will ensure proper financial assessment is done before proposing various options / actions to take.
Check out our consultation services.