Selling my single family

[Jonathan Justiniano]

Hi guys My names Jonathan and my wife and I live in the expensive Massachusetts market. My wife and I bought a single family foreclosure a little over 2 years ago., in which we have over 100k in equity. We want to buy a bigger home in a year or so. But first I convinced her to get an investment property where we owner occupy a 3 family. By selling our single family first it allows us to only put down 5% vs 25% if we just bought an investment property. Wanted to get some people’s thoughts on my idea or if you recommend doing something different. Look forward to hearing what y’all say. Thanks

[David Light]

With all of that equity could you do a cash out refi and use that to buy an investment property without having to move? If I have to convince my wife of something usually that means she really doesn't want to do it and I've always been told happy wife happy life...