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Updated over 7 years ago on . Most recent reply

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Whitney Velasquez
  • Nampa, Idaho
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New to BP and property investment

Whitney Velasquez
  • Nampa, Idaho
Posted

Hi guys! So we are an active duty military family in Idaho. We bought our first home back in 2011 at about 50% off the building price from 2006. We bought as foreclosed and it has been a wonderful home. We were told by a real estate agent we are sitting at nearly $125,000 in equity now with our market going up. I feel a huge urge to invest this money into property. Is taking a second mortgage and putting the 20% down on a property to turn around and rent our most ideal route? Or is selling our home and using the equity to outright buy a property a better idea?  We are a family with very low debt and great credit. Need advice please!

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