Asked by Ann Marie, Norfolk, VA • Sat Jan 24, 2009
that sale will be my down payment for another home. My question is this; should I sell my second home, again if all goes well I should walk away with $75,000.00. Should I use all this money for a large down payment or should I keep my second home and rent it out. My mortagage is $618.00 and according to my realtor, I should be able to get $1,250.00 per month. With the state of our economy, I am not sure if I should take the safe road, sell all and have a smaller mortgage payment or continue with the risk. I should add that the first home that I am selling, I have successfully managed/leased out for more than 10 years. Thanks
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