Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 4 years ago on . Most recent reply

User Stats

5
Posts
1
Votes
Gilbert Jagot
  • Rental Property Investor
  • Thief River Falls, MN
1
Votes |
5
Posts

How to go about buying/selling at the same time?

Gilbert Jagot
  • Rental Property Investor
  • Thief River Falls, MN
Posted

I currently have a house in La. that is being repaired thanks to Hurricane Ida. It's also been needing renovations for a few years now. The mortgage (Rocket) is about $87k and the Zestimate is about $167k.

I'm currently working out of state and am looking at buying an old trailer and land for about $40k.

How would I go about handling this transaction? Should I get real estate agents in both locations? Would a mortgage company do something like a transfer to the lesser value property?

In a way, I want to rent out the old house but I have enough on my plate as it is.

I'd also like to sell the house and buy the trailer with the "proceeds" but my girlfriend still needs the house to live in. I'd move her up here but the hotel I'm being housed in doesn't allow pets.

Any suggestions or article links would be helpful.

Loading replies...