Don’t know what to do next

[Aaron Proctor]

Ok so I feel kind of lost. My wife and I live in Raleigh, NC and own a townhome. With about 60,000 in equity. It would make a great rental for a would be first time landlord. We would probably make 250 a month on it. We want to buy another townhome to do this process all over again. But don’t have 20% down payments and would have PMI. Is leaving the 60,000 in equity on the first home a bad idea? Or is it ok to leave it there and let it keep growing? Are some of you accepting of paying PMI on a property?