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[quote=Anonymous]We own a second home that has been hard to get to last few years. it is valued at 900k, our equity is $300k. Lots of fees because we airbnb it and take a loss but it covers maybe half of the mortgage. We rent about 55k gross a year but have to pay property manager, cleaner, HOA which is $5000 a year plus assessments, snow removal. It’s a townhouse in a ski village. We absolutely do not cash flow but we use it a few weeks a year. Mortgage is 6 percent something interest rate.

We are outgrowing our current house which is worth about 1.35 million and we owe about $500k at a 3 percent mortgage. Payment is pretty low, taxes are locked in. We have owned 10 years. We can rent for 8k a month and cash flow.

We want a small upgrade to a better house for teens. Something in the 1.6 range with less bedrooms, a big family room and a pool. We are considering holding our current house to use as a long term rental and buying another house but this would require selling the second home. What are your thoughts here?

HHI is about 700k.

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