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 $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.
Why are hundreds of luxury Vancouver mansions being rented for cheap?
Looking for rental options with more space? A mansion might be your answer.
He walks! Now if only we could get his hair combed!
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