We are selling our primary residence and purchasing a new primary residence. 

Even though there are varying opinions as to where we are in the cycle, i think its hard to deny that were late in the cycle.I have a good amount of cash sitting in the bank after recently selling one of my properties.

In particular in the mid segement - we are seeing more new construction as of lateley, inclusing my own business - and all of them are in the 450 to 650k range.

We are new to LA as well and we really want to house hack with a duplex/triplex but in LA that's quite hard to find in the $5-600K mark.

We are looking to expand our network and accelerate our growth through the second half of this year and beyond.

However, your original question was to pay off the house or not and we are advising you to sell, so answer to your question is NO - do not pay off but use the cash to put 20-25% down payment on more doors to offset the loss of income on the original property.

ACTUAL bank statements  LOL.. that's what you need.. and that's why they use me.. we are for real and know what we are doing and what we need to do to support those who want to do what you want to do... you either have not explained it correctly to those potential money partners or they are nervous nellies and probably wont close anyway.

If you want an exact answer you have to make sure we are well informed in the question, and know enough about your goals, background, and situation to make an informed and insightful answer to guide you in the right direction.

We are fans of cozy.com but have not tried the other sites.

@David Smith I have been reading alot and they keep saying its possible due to the problems we are having with trading with other nations.