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Updated over 7 years ago,
New to BP and property investment
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!