You will need to pay down the mortgage AND have the property appreciate to a point where you have access to equity above your current primary loan.

I also plan on starting to have my realtor send me MLS properties that popup in the Indianapolis area and start looking through numbers and pricing to see what I can afford and be beneficial.

Fine-tuning your savings, building a reserve fund, and running detailed ROI projections will help solidify your plan for long-term success.Good luck!

In two years I plan to pull equity from my home, rent it out, and purchase another to live in for two years..

We have some of those calculators we plan to to add in 2025 for those who want it all-in-one.

@Pixel Rogue everyone has different future plans - many though haven't thought that far ahead!

@Arthur Savery, This can be a great game plan called a diversification exchange. 

What’s the plan?

Another option is to invest in the market instead of paying down a mortgage.

We're trying to decide whether or not to pay it off or save to buy another property.