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Updated almost 2 years ago on . Most recent reply
Looking for help!
I have about 100 k equity in our family home in the outskirts of Vegas ( pahrump) we are going to list the house in the next two weeks and move back to Vegas. Our long term plan is not to live in Vegas but with my job it only makes sense to live there for the next couple of years and keep working my current job and see where this real estate investing takes us. My question is do I buy a new home in Vegas ( expensive) or rent a home and look to invest in other markets? Seems like we will not be able to get anything desent for under 400 k. Thank you in advance!
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#1 Commercial Real Estate Investing Contributor
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What are the numbers on the current house?
Have you lived there two out of five years so you don’t pay tax.
What are the numbers you would be moving into.
Basic concept is you have to use numbers to make a decision.
Do about 5 different deal analysis. Don’t worry about if it makes sense. Then come back and ask your question with the numbers.