Advice on what to do with cash after home sale

[Richard Cardillo]

Hi all,

Relatively new investor here. I've lived in my current condo for 3 years. I will be selling it for 235k, ideally. I owe 155k on it. Hoping to take that cash (maybe 60-70k) and dump it into a primary residence and a rental property. Is this a wise idea? Any advice on common pitfalls or things to worry about would be greatly appreciated!