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Updated over 3 years ago on . Most recent reply

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David Laws
  • Member since Sep 5, 2021
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David Laws
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Rent out or sell my current home?

David Laws
Posted

We have $100k in equity in our current home and our mortgage is $850/month. This home will rent for $1550/month($700/month cash flow). We are currently looking for investment property to rent out. We’re also looking for a new home. Would we be better off keeping this home and renting it out or using part of the equity for a down payment on another property?

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