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Updated over 5 years ago,
Selling paid off home to buy other properties and pay off debt
Good day everyone,
I currently have a paid off home in Las Vegas I’ve owned since 2015. Been renting it out since purchase and seen values go up. I wanted to see what everyone’s take is on selling the home for its increased value also it is currently renter occupied and managed by a local property management company if that is of any value of interest. But I was contemplating selling it to take the money to pay off consumer debt. An reinvesting the rest to possibly purchasing 2 other homes for rental income. I know I would be taking in less monthly but it would relieve me of monthly debt payments. An possibly gaining value over time on two homes rather than one. I am in this for the long run not for any quick flips or over night riches.