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Updated about 1 month ago, 10/10/2024
Two educators looking into real estate investing
Good morning everyone!
I just wanted to take sometime and ask a couple of questions about getting started in the real estate space. My wife and I are both currently public school educators and I also happen to be a coach. So, as you can imagine we have made a couple of moves throughout our career.
We own a single family home in the last location. We have it rented currently and things seem to be going well. We purchased the home in the January of 2021 so our interest rate is decent. Our home value has also continued to grow year or year. We are currently renting, as I just began a new job this fall. With the increase in value of the home would it be worth selling it once our current renters move out? Will having that home on our credit negate us from being able to seek additional loans for other properties?
Thank you in advance for your responses.