Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago on .

User Stats

1
Posts
0
Votes
E Citko
0
Votes |
1
Posts

Renting My Current Home Buying Another

E Citko
Posted

Hello,

First time poster on this forum longer time reader. My wife and I our looking to move to Florida from Chicago. We would like to rent out our current home and purchase another home in Florida. We have roughly 130k in equity in our home and we are thing of taking the equity to use as a down payment and to assist with furnishing the home . Is this the best idea or is there a better way to do it. The move wont happen for another 2 years but looking to learn now what I will need to do and how to make this a smooth transition.