As a software engineer, I managed to scrape together enough to buy a condo in the bay area a couple years ago and it has appreciated by almost $100k. My family is outgrowing it and looking to buy a new home but I can't help but feel like selling our condo is a bad idea. The interest rate is only 3.5% so I am trying to figure out a way to pull the new equity out of my condo to afford another down payment and then rent out the condo to hang onto it as an investment. Does this seem reasonable or am I out of my mind?
Submitted October 30, 2018 at 12:23AM by PositiveBill0 https://ift.tt/2AyU9et
