All Forum Posts by: LaDawn Jones

@LaDawn Jones

Hire an agent and use a buyers agent

Need more info, does it cash flow? Does it have equity? Does it cash flow after you pull out the equity? What's the interest rate on it? 

Depends on the area and your situation, LaDawn. I'm actually in the current situation- have a primary that I love with nice equity, never really plan to sell because it's a beautiful home (that I would actually hate to leave), low interest rate, and it's in the Bay Area. Selling it, esp in this market, doesn't make sense for me because of the above, so I'm planning to purchase a new primary (with lower down, better financing terms, lower interest rate) and convert current primary into a rental that'll cash flow and I get to keep the house. 

And fwiw, I came to that idea after talking with a few real estate agents I found through BP's "Find an agent" tool, they both suggested the same strategy of buying new primary and converting current primary into a rental.