Making the Leap: Upgrading from Your First Home

Hey there, Pasadena homebuyers and dreamers! Ever found yourself thinking, "My first home is great, but it's just not 'the one'?" You're not alone. As a Pasadena-based realtor, I've been there both professionally and personally. Let's chat about turning that stepping stone into a leap towards your dream home.

1. Consider Keeping Your First Home as a Rental

Remember when I bought my first little place in Pasadena? Cozy, but not quite my dream home. Here's a thought: if you've got the resources, why not keep it as a rental property? Being a landlord can be a smart investment. I've seen clients turn their first homes into steady income sources, paving the way to purchasing their dream homes.

2. Selling Your Current Home for a Bigger Dream

Now, let's talk about selling. Did you know you could potentially enjoy up to $500K in tax-free gains when you sell your home? That's a game-changer! I helped a young couple sell their starter home and upgrade to a stunning property they never thought they could afford. Check out my video on this topic for more insights.

3. Getting the Numbers Right

This is where the magic happens: meeting with your lender, realtor (that's me!), and a CPA. We'll crunch the numbers and see what your budget really looks like. I once worked with a client who was unsure about their financial standing. After our meeting, they were amazed to find they could actually afford to upgrade.

Conclusion:

Whether you're thinking of becoming a landlord or selling to buy your dream home in Pasadena, the possibilities are exciting. Remember, every big journey begins with a small step – or in this case, a small home. Let's sit down, explore your options, and map out the path to your dream home together.