Creative financing for our primary residence/keep current home as

[Mark Erdody]

We started on the this voyage to do an addition to our 1900 square foot 100 year old home in the Boston Suburbs.  The cost was too high and an opportunity came up to buy an older home like ours but is being renovated completely and an  addition very similar to what we were planning plus a plus sized garage is being built for us.   We were initially planning on selling our current home, it is on the market, and use the proceeds to pay for the next house.  The winter market has been slow and we have been on the market for over 2 months with a significant price reduction.  In the interim i have been reading and following everything I can about growing wealth.

I'd like to keep our current house as a rental, 4 bedroom very close to to subway system to Boston.  I don't foresee finding a house to buy as a rental property for anywhere near what we have left on our mortgage. So this make sense but under the traditional home purchase scenario I need 20% down for the new house which would make selling our current home a necessity.  If I could find a way to do the new house with 10% down, I could refinance our current home to get down payment.  Does anyone have any ideas of how I could make this work,  the new loan would be for about $750k.  I'm looking for ideas and hope this does not violate the posting guidelines.

Thanks,

Mark