top of page
Sylvia Ho

Do You Have To Sell Your 1st Home To Buy A New One?


๐€ ๐’๐ฎ๐œ๐œ๐ž๐ฌ๐ฌ๐Ÿ๐ฎ๐ฅ ๐‚๐š๐ฌ๐ž ๐’๐ญ๐ฎ๐๐ฒ: ๐‡๐จ๐ฐ ๐’๐ฆ๐š๐ซ๐ญ ๐…๐ข๐ง๐š๐ง๐œ๐ข๐š๐ฅ ๐๐ฅ๐š๐ง๐ง๐ข๐ง๐  ๐Œ๐š๐๐ž ๐š ๐ƒ๐ข๐Ÿ๐Ÿ๐ž๐ซ๐ž๐ง๐œ๐ž


Meet a dynamic couple in their mid-30s


A dedicated family doctor and a meticulous accountant, both with thriving professional careers.


They embarked on a journey that showcased the power of strategic financial decisions.


Here's their inspiring story:


๐“๐€๐Š๐ˆ๐๐† ๐“๐‡๐„ ๐‹๐„๐€๐: ๐”๐๐’๐ˆ๐™๐ˆ๐๐† ๐€๐๐ƒ ๐‘๐„๐๐“๐ˆ๐๐† ๐Ž๐”๐“

This couple decided to keep their first home while moving into a larger, more luxurious house. To generate additional income, they chose to rent out their original townhouse, fetching a steady $3,000 per month in rental income. For a while, their rental property was delivering a healthy positive cash flow, providing them with a financial cushion that aligned with their goals.


๐๐€๐•๐ˆ๐†๐€๐“๐ˆ๐๐† ๐…๐ˆ๐๐€๐๐‚๐ˆ๐€๐‹ ๐‚๐‡๐€๐‹๐‹๐„๐๐†๐„๐’: ๐€ ๐๐”๐Œ๐ ๐ˆ๐ ๐“๐‡๐„ ๐‘๐Ž๐€๐ƒ ๐Ÿ˜ตโ€

However, as time went by, interest rates started climbing, causing a significant impact on their rental property's cash flow. The couple began to question their initial decision: "Should we have sold our first house instead of keeping it? Are we making the right financial choices?"With concerns about their cash flow, they were seeking a solution to regain control of their financial stability.


๐“๐‡๐„ ๐“๐”๐‘๐๐ˆ๐๐† ๐๐Ž๐ˆ๐๐“: ๐ˆ๐Œ๐๐‹๐„๐Œ๐„๐๐“๐ˆ๐๐† ๐€ ๐’๐“๐‘๐€๐“๐„๐†๐ˆ๐‚ ๐‚๐€๐’๐‡๐…๐‹๐Ž๐– ๐‘๐„๐€๐‹๐‹๐Ž๐‚๐€๐“๐ˆ๐Ž๐

To address their concerns and regain their financial footing, the couple implemented a clever strategy of cash flow reallocation. This step marked a turning point in their financial journey. The results were remarkable:


๐‘๐„๐€๐๐ˆ๐๐† ๐“๐‡๐„ ๐๐„๐๐„๐…๐ˆ๐“๐’

  1. ๐‚๐จ๐ง๐ฌ๐ข๐ฌ๐ญ๐ž๐ง๐ญ ๐‚๐š๐ฌ๐ก ๐…๐ฅ๐จ๐ฐ: By adopting this strategy, they maintained their accustomed cash flow, providing financial stability and peace of mind.

  2. ๐‚๐จ๐ง๐Ÿ๐ข๐๐ž๐ง๐œ๐ž ๐ข๐ง ๐“๐ก๐ž๐ข๐ซ ๐ƒ๐ž๐œ๐ข๐ฌ๐ข๐จ๐ง๐ฌ: Instead of fretting about their financial future, they now have a well-defined plan in place, which has boosted their confidence in keeping both properties

  3. ๐€๐œ๐œ๐ž๐ฅ๐ž๐ซ๐š๐ญ๐ž๐ ๐Œ๐จ๐ซ๐ญ๐ ๐š๐ ๐ž ๐๐š๐ฒ๐จ๐Ÿ๐Ÿ: Thanks to this newfound financial strategy, they are now on track to pay off their mortgage six years earlier than originally planned.


Their story stands as a testament to the importance of strategic financial planning and the difference it can make in achieving your long-term financial goals.


Disclaimer: This case study is provided for illustrative purposes only. Individual results may vary. Always consult with financial professionals for personalized advice and strategies.


TO LEARN MORE ABOUT CASHFLOW REALLOCATION, COMMENT BELOW โ€œBENEFITSโ€

10 views0 comments

Comments


bottom of page