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Updated over 6 years ago, 05/27/2018
Need Advice from BP Community
Hello BP community. I have a dilemma that I would like to ask anybody who is very much aware of current and future market in real estate. If anybody would kindly shed some light I would definitely appreciate it. My current situation is I am planning to sell our current home in Southern California that we have lived on for about 3 1/2 years. Purchased at 505k and estimated to be about 630k in Zillow. After selling our we home, we are planning to rent an apartment temporarily and start purchasing rental properties using the profits from selling our home when the market drops. Please advise whether this is a good idea/ bad idea? Or how this plan can be tweaked?