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Updated about 3 hours ago,

User Stats

76
Posts
9
Votes
Beau Alesi
9
Votes |
76
Posts

Looking to buy

Beau Alesi
Posted

Hi so we have one primary residence with about 400k equity and a rental property what about 300K equity. Each mortgage we have about 250k left on. I'm 50 years old and my wife is 44 and we have a 4-year-old. My wife wants to move to a better neighborhood with good school districts and I'm for it. The houses would be looking at I'd imagine would be about 7 to 800 k taxes would be about 4K hire a year. So basically in my mind this would not be a great financial move as we be accruing about 200k more in debt if we were to sell one house and take the cash from there and use it as a down payment. Thoughts? Thank you very much

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