Refinance Low, Buy Low

Most people sell their small property and upgrade into a larger property. When they do this, they are selling high and buying high or they are selling low and buying low.  

Since the market has dropped since that crazy peak we saw a couple years ago, a better solution could be to refinance your current property, keep it and rent it out, then purchase another property at current market lows. 

For example, if your condo is worth $500k and you have a $200k mortgage on it, you could pull out $200k in equity. This $200k in equity can then be used to purchase up to a $1.0 million dollar home. It may be easier than you think when everything is structured properly!

You're not forced to sell your condo and you get to upgrade into a bigger home.

This also works for purchasing rentals.