Stuck in the “Rat Race” and want out!

[Jeffrey Miles Clark]

Here’s the situation. I’m currently in a small 2 bedroom 1 bath home and I am in need of a bigger home with 3 bedrooms as my daughter is growing up fast and she isn’t going to want to share with her brother much longer! So, here comes the question, what is the best way to go about making my current home into an asset while getting into a newer home my family can enjoy and continue to grow and mind my business?

[Scott Wolf]

@Jeffrey Miles Clark you should 100% RUN THE NUMBERS FIRST!!!! Like @Jaron Walling says.  

Also, putting your property may not be worth the trouble, and may also trigger a due on sale clause for your home loan if you have one.  So that is something to be aware of.  An umbrella insurance policy like @Darius Ogloza mentioned should be more than sufficient.