Hi friends!
My husband and I bought a KICK ASS condo in a resort community in 2012 that has since appreciated at least $100K in value. We are really interested in owning a single family home now. The rental market around here is kick-ass, so we can most definitely cover our mortgage and then some on the condo. IF we could take out a home equity loan to cover a down payment on a single family home, and cover both our condo mortgage payment and the home equity loan payment through the rent we'd get on the condo - should we do that?
Or should we sell and just keep things simple?
Thank you for the advice!!