Hello BP Community,I have  been a BP lurker for many years and after falling out of love with retail real estate- I am oh so READY to get into investing (my first true love).

I have high equity in my current duplex so planning on using that to fund down payment for the next property.  

I'm scared to purchase a second home but we have the funds to do so Do it!

Little Elm and most cities in DFW are not walkable location so they need a car to move around.Many things to consider, and there are only a few that I know that have done it in a short scale.Happy to connect and rainstorm more.

Tim, thank you so much for the thoughtful response here.

Add another $300 or so for taxes and insurance and you're at $2465 PITI. 

We haven't lived in the townhouse in the last 2/5 years so we would get hit with full capital gains.

Would you be so kind to share please?

This has been so helpful!

Hey guys,  Im thinking of shifting my traditional checking/saving account and mortgage to a manulife one account which my broker has suggested so I can be ready to pounce on a house and properly conduct the yellow letter direct marketing offering cash when they want it.