Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 3 years ago,

User Stats

8
Posts
0
Votes

Sell my primary & use part of my equity 4 new prim & inv property

Juan Castillo Jr
Posted

Hello,

I currently live near Midway Airport (Chicago) and the area has definitely changed. I would like to relocate my family to a home in one of the surrounding suburbs. So, I feel stuck since we have good equity on my current home. But I need to consider the safety of my children. I have approximately $100k in equity on my current primary home. I would like to sell to get into a new primary and use approximately $10k-$20 depending on the final sale from it to start my real estate investing venture. My other thought is to refinance do some upgrades on my primary and use part of the money to buy another primary. Then, rent out my current primary to have passive income. 

Some advice would be greatly appreciated. Thank you in advance.

Loading replies...