Semi-newbie second property help!

[Ashley Lynn]

Ashley here in palm beach county Florida 👋🏼 I bought my first property in 2012 for 70k. Just had it appraised at 210k. I want to use the equity for a down payment on my first investment property as I don’t have a lot of cash saved up. Problem is the numbers don’t work in my favor with almost a 100% finance. Cash flow would be minimum on a small condo with an HOA. Should I buy an investment property with little cash flow (talking 50-100 monthly) Or do I buy a property to move into and rent out my current property? This would equal a lower interest rate and a $600 monthly cash flow. Negative would be moving into something that would be a step down from my current home/location. Any thoughts appreciated!

[John Thedford]

Rent what you have and purchase another to live in.