Should I sell and move?

[Chuck King]

I am currently in the process of a cash-out REFI on my current residence and will be closing on another property shortly afterwards. My intentions are to flip said property. Here is where my dilemma arises. I currently live in a double wide manufactured home. I own the property free and clear.  The house recently appraised for $62,000. Once I flip the other property I am purchasing, should I sell my home and purchase another? I feel like living in a double wide I am not getting the most bang for my buck in the long run due to depreciation coupled with banks not wanting to loan money on them. I feel now may the time to sell in order to maximize my investment.  If I was to move, it would be into an undervalued/distressed property that I would remodel over time (i.e. house hack). The areas that I am looking in are exponentially better areas for real estate investing  than where I currently reside both now and in the years to come.  Also if I do move what would be the best way to approach my decision from a tax stand point?