Sale and Purchase or Refinance and PurchaseI own a home in Los Angeles with approx $400,000 in equity. Should I refinance/turn it into a rental an pull out a down payment for a home where I currently live (San Jose) or should I sell and buy a home. I am currently renting.June 28 2014 - Campbell00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.