I don't know what to do.....

[Roderic Baker]

Hey guys I'm in a bit of a pickle, I'm finally ready to invest in real estate, part of me wants to sell but if I can refinance and move someone in that'll be cool too. Here's a little history I bought my home back in 2014 as a foreclosure at 159k, I currently owe like 123k.  My real estate agent believes I can get 270-280k with how the market is now. It's in a great neighborhood and the schools are good also here in Denham springs La, my agent and I have history we actually went to High school together. I consider him a good friend, he actually helped me find this home in 2014, he also invests in real estate. He told me that either way I go its a win. My plan was to take the money from selling the house and use it to pick up on some of these foreclosures that's about to hit the market, but if I can refinance the house and use my current home as my first investment property that would be awesome. When I bought the home my interest rate was/is 4.25% he told me if I refinance at 2% my note would go from $1200 to around $800, and I could probably get around 1600 in that neighborhood. I'm actually moved out of the home now and I've been doing some renovating. Any suggestions will be appreciated. Thanks.