How does down sizing work? Can I get 2 homes?

[Felix Torres]

Hi Everyone,

I currently own a single family home and wanted to see if anyone has downsized before?

Is it possible to get to properties by downsizing?

Is that scenario even possible? For example I sell my home for $250k, get into a $200k home and use potential profits to earn a second home. 

Let me know what scenarios are possible please.

Thank you,

Felix