Sell our home or invest in it?
Hello,
I'm new in the forum, want to start investing in Real Estate. I have a question on what would be the best approach to invest. We have a big house in a growing area in Orlando, FL. Paying out mortgage is not that easy, we are considering in selling our home to buy a smaller one, but this area in under development, so I know our house will appraise more in the next few years. We barely make it to pay everything, we have no extra money to invest. So, if we buy a smaller house we will be more comfortable making the mortgage payments and have some money to invest. But, I was thinking also what could we do and make our big house an investment property. I know is going to be super difficult to rent to a single family due to the price and we cannot afford to have any vacancy nor losses. Any ideas, what should we do?
Thanks;