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Updated over 3 years ago,
Buy a house to live / buy rental property,pls share ur thoughts ?
Currently I own 2500 sqft house in a good location, and recently bought a rental property and rented.
Option 1 - I was wondering if it's a good idea to buy 3500+ sqft house(like an upgrade as family is growing ) and move in. Then rent out 2500 sqft house, in this case 60k downplayment as 10% .
Or
Option 2 - Buy another rental property and look for a tenent. In this case I have to put 80k as 20% downpayment.
I m not sure if I m thinking in the correct way or not .
Experts please share your thoughts.