You keep your first home, turn it into a rental property to cover its own mortgage, and use the equity cash to buy your new primary residence.
Here is how you can unlock that value and the most common ways to make it happen. 1. The Wealth "Vault": Understanding Your Equity how to use equity in your home to buy another
You stay in your current home and use the equity to buy an investment property . The goal here is "positive cash flow"—where the rent from the new place covers the new mortgage plus the cost of the equity loan you took out. 4. The "Check Engine" Light: Risks to Consider You keep your first home, turn it into
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