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Updated 15 days ago, 12/10/2024
Mortgage on Primary or Rental?
Is it better to have a mortgage on a rental or a primary?
I am selling my primary residence and moving states which we will get about $275k equity from. We were planning on buying a townhouse in full with the equity to temporarily live in. Then finance our primary with 10% down and lease out the townhouse.
Would this be the smartest move?