Getting started help

[Nick Grenon]

Hello,

I have a condo that doesn't really make money and my house I live in. I would like to increase to another market down south where it is warmer. I have the condo rented for 1000 a month. But mortgage with taxes and insurance is 917.57 and 300 for HOA fees. I owe around 56500 will be paid off in September. 2028 and market says the value is around 110k currently. I bought the condo back in 2004 for 130k and this is the highest it has been since the market rebounded. Is the best option to sell the condo and buy a property down in Florida? Or to use the equity in the condo to buy another house down south?

Any input or advice is appreciated.

Thank you

[Sam Shueh]

Unload first and look for another one out of the state.