Do you own your own home? In this episode Kevin answers Gaynor’s question to figure out whether he should buy a new permanent place of residence and rent out his current home.
Kevin warns about the tax that you have to pay as a homeowner. As Kevin says - tenants live where they want to live and homeowners live where they can afford.
Gaynor also asks about interest-only loans. Kevin says to get rid of ‘bad debt’, like credit cards, car loans and home loans. If you want to learn more, check out property club’s workshops here.
Watch the video above, and if you’d like to share your thoughts you can ask me a question on the right.