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Updated over 2 years ago on . Most recent reply

Josh Wigginton's profile image
Josh Wigginton's profile image
Josh Wigginton
  • Member since Aug 14, 2022
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Josh Wigginton's profile image
Josh Wigginton's profile image
Josh Wigginton
  • Member since Aug 14, 2022
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Josh Wigginton
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Starting Out

Best option, Rent existing home to upgrade and start RE investing

Josh Wigginton
Posted

Hello,

We are looking to move and upgrade our home and I'd also like to start my real estate investing. My thoughts are I would rent out my existing home and either cash out refinance or HELOC on my existing home for my down payment on the new home. I probably have $250K+ in equity in my current home and will easily clear my existing mortgage and profit on renting out my existing home. I'm basically looking for the best way to get cash for the down payment of the new home and get started. Thoughts? Other options?

Thanks!

Cape Coral, Florida
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