Should I sell my single family home in New Hampshire

[Jonathan Ramos]

Hello BP,

I am looking for some investment advise.

A little about myself I am a Drafter/Engineer in large commercial constructions serving the Metro Boston area. I bought a multi family home in the north shore Massachusetts while still in college at 21 yrs old (I am now 26) and now live in a single Family in the Southern NH area.

I want to continue investing but have since found that the single family has sucked up all my resources due to the large monthly payment.

The home in the north shore has over 200k in equity and produces solid rents , I really do not want to sell the property as I am speculating this home to continue being a cash cow into the future. My single family has over 100k in equity and am now considering selling this home and house hacking into another 3 family home in the southern NH area.

Now that I have told you a little about my assets here are my questions.

#1. Coming from the North shore area I am unfamiliar with the markets in this area and am looking for advise on where to invest. Manchester,Nashua,Salem? I work in Merrimack and my wife is still in college in Lowell Ma, we want to stay as close as possible.

#2 Should I sell my private home (that has a large mortgage) and house hack and save tons of $$$ for a couple of years until my wife graduates and I can be a stay at home husband lol?

#3 If I was able to round up 80-100k by selling my private home how should I spend it? Go with an FHAloan or put 20% down to avoid PMI on a multi unit home?

#4 Should I Refinance the North shore house and lose my 1.9% fixed interest rate and take the equity on the home to re-invest elsewhere?

I am curious to hear what you guys have to say.

Thanks

Jon