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Updated almost 6 years ago on . Most recent reply

User Stats

19
Posts
2
Votes
Rachel Ash
  • Crownsville, MD
2
Votes |
19
Posts

Selling existing home

Rachel Ash
  • Crownsville, MD
Posted

Hello! I am looking for a bit of advice. I currently live in a nice home in a nice area and have about 150K of equity in my home. My plan is to buy 6 rental properties in the next few years. I have enough liquid money for 2 properties right now. I am leaning toward selling my home NOW and buying something more affordable in an area where I can rent it out if I move (I plan to move in the next two years). But I am not sure that is the best decision given the closing costs and realtor fees I will pay on my existing home. I am torn between staying in my home for another two years and then selling or selling now and moving into something more affordable. On a side note, I do not have the option to sell and just rent something as I have a pittie mix and it will be impossible to find a landlord willing to rent to me. Any advice? 

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