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Updated over 4 years ago on . Most recent reply

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Will Binder
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Should I sell our home?

Will Binder
Posted

And move into my parents vacation home for awhile? We have a small bit of equity in our home and should be able to sell our house and pocket 75k. The plan would then be to move 6 hours away to my dads vacation house and live there for free minus utilities, and then save up for something? The plan is to either find a investment house in the meantime or just save up for a place we really want to live at. I want to obtain as much cash as possible right now and keep an eye open for investment opportunities or for the next great deal for a new house for us. I’m thinking on staying at my dads house for maybe two years or till the market crashes if it does and then we can get a good deal on something we love. Only problem is our current house would make a great rental but the type that may get thrashed quick due to the price range and judging the other rental homes in the neighborhood. I’ll have the 6 hour commute back to work but it’s only 9 days a month so it not to to bad. So what do you guys think? Sell the home and cash out and live for free in a vacation home? Or rent the home and move, or stay status que?

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