When buying a new home and you already own one, is it better to rent or sell the first house?
Answers | 2
What is your income situation...can you afford both payments?
How much rent can you get and will that cover any existing mortgage payment?
What is your equity position in the existing home and how much profit would you make on the sale?
Will renting the existing home help you save money in taxes?
I would recommend that you think about the above questions and if you have a financial adviser, to speak with him/her. Hope that helps give some direction.