Strategy for moving and investing

[Aja Leafe-Hall]

Hey all, I’m considering a big move, from Western Washington to eastern New Hampshire. Why? Because my whole family is there. I need help deciding whether to sell or rent my home in Washington. I think it is a good investment to hold on to, but I also want to be able to invest in something back east to live in, maybe a duplex. Here are some details: We could potentially rent our house out for twice the mortgage. We have over $100000 equity in the home and a HELOC to access it, but really no other savings. There is definitely a sellers market going on here in Washington and it’s growing. My husband and I have 2 kids and we will have to find jobs as well as housing back east, but can stay with family, initially. So...is it better to cash out on our property, or buy something with equity for a down payment? Maybe we could buy a vacation rental before we move out while we have work history and eventually move into it? Thanks for your insight, Aja

[Stefanie Willie-Bonglo]

Hi Aja, seems like you're in a good position to hold on to your property and let it cash flow for you! An open HELOC is always great also. What areas of NH would you look in? We don't have a lot of multis in certain areas, and then there are tons in Manchester and Nashua.