Quote Originally Posted by Dave_L View Post
We're looking at a new build so no bidding war, does that help? Price is about $380k but we are going to roll about 100k of equity from our house, which we bought pre spike. I look at it as were getting the house for essentially 280k since that will be our mortgage. But were getting a brand new house with tons of upgrades and more house. Then, in March, I want to sell the rental and pay off the cars with that profit. Were in for the long haul on the new house so should be able to ride any market cycle. But use the high to upgrade and pay off some debt.
You aren't supposed to sell something that is appreciating to pay off one that is depreciating.


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