Looking for Advice.

[Neil Fray]

I received a job offer and will be moving the family (4 kids) to Bakersfield, CA. I am talking through options with my wife, but would love input from the BP community.

Primary residence is in Reno, NV. Could list for $1.2m and owe $600k

We also own a rental in Las Vegas. It's worth $700k and owe $350k.

The two options I am thinking about are:

- Sell Reno house and have a big down payment on a larger/nicer house?

-Get a HELOC to use for a down payment. This would allow us to rent the Reno house and expand our portfolio, but would mean a smaller house. Monthly payment on the Reno houses $3,700 and we could rent it for around $5,000.

Thaks for any/all input.

[Steve Daddeo]

Hey Neil - Congrats on the new job offer, sounds like exciting times for you and the family

What’s your current mortgage rate on the Reno house? If it’s in that sweet 2–4% range, selling might mean giving up a great rate we may never see again. That alone is worth pausing on.

Personally, I’d lean toward renting out the Reno and expanding your portfolio. With $1,300 in monthly cash flow and strong equity, it’s a solid asset. You’ve basically house hacked without realizing it (lived in a primary residence that can now become a rental and generate income).

If you're still torn, consider running a 5–10 year projection on both options: one where you sell and one where you keep it. Compare how much equity and cash flow you'd have in each scenario. That long-term lens might help make the decision clearer.

Let me know if this helped you out!