We're going to start with Larissa's question. It says if we are considering upgrading our house is it recommended that we sell our current

house and then use the proceeds as a down payment or should we keep it as an

investment property and just save the 20% and then pay 20% down on the next

house.

What do you think, like, is there a way that she should be thinking about how to maximize

this?

Well, the answer to the question,, so Larissa, is that right?

Larisha, yes.

The answer to the question is, either one of those could be true.

And we've actually seen both of them play out practically really, really well.

Someone decides they want to upgrade into their second home,

they need a 20% down payment. That 20% has become from equity they've built in their current home.

So they sell the current home, use a portion of that, put it as a down payment the move in the next one.

Nothing wrong with that. That's great. That's kind of like the standard operating procedure.

However, there are some folks who say, you know what, man, the house I've got was great.

And it was a wonderful first time home and you know we've done well

financially and so we've built up some resources and so I can come over the 20%

without selling it or maybe I bought this house and the area around it blew up and

there's even more growth to come and I just don't want to walk away from it.

So you decide, hey, I'm going to keep that, turn it into a rental property.

There's nothing wrong with that either.

I think what you have to assess is for you it depends on your specific situation your

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