New real estate question — upsizing?
Carlson gives some good advice here. If it were us, we would have to ask:
What’s the person’s overall financial position/strength?
How are they going to find a bigger house at the same $500,000 price point?
Is it feasible to add to the existing house?
Do they have sufficient savings to consider dipping into real estate investing by renting their current home?
Perhaps the kids can learn to live in bunk beds as they save a down payment for house #2, and then rent house #1. We don’t know the full situation.
What do you think?
