Updated over 8 years ago on . Most recent reply
Selling primary home to use capital for investment property
Hi BP Community,
My wife and I are planning to put our primary home on sale to move into an apt in a better neighborhood and we would like to use the capital gains towards investment properties. The apt would be temporary for 1-3 years while we build up our rental property portfolio. We figure one of the pluses to moving from a 4 bedroom primary home to a two bedroom apt would be the downsize of our monthly expenses. We would use the time to soak into the new neighborhood and take our time to find our new home. The ultimate goal is to retire early with enough passive income. We figure this option would get us started on that path. Does that make sense?