I need an outside perspective..

[alovelylife]

Would you..?

sell your house that currently has a low mortgage, and a lot of equity to move into a rental (2 kids 1 dog) and use the money to buy cheap/auction properties (cash no mortgage) to do up and sell?

Partner has own building firm so works would be done through him, however I'm feeling that this isn't financially sensible?

But we are sat on a lot of equity and not doing anything with it it feels?

No, I wouldn’t. I have a low mortgage, why would I give that up to pay ridiculously high rent and risk being made homeless every 6/12 months?

No, that would be an insane thing to do.

DH is a builder. He would do this/has done something similar, yes. I suppose it's a bit different if you have dch and a dog in the mix. He owns and rents out properties that cover his mortgages on those properties and rents somewhere else to live in. But he is currently looking to buy somewhere with his GF to do up and is planning to live in a caravan onsite.
Is there another way of doing it? If your mortgage payments are low, can you get a bigger mortgage in order to buy another (cheap) property to do up?

Can you be sure how quickly your DH and his team would do the work?

The builder who did the refurbishment on our house recently was brilliant, but all the work that needed doing on his own house (extension into the attic I think) was put off time and again because he had so much other work elsewhere. You could be stuck in rental much longer than you think, or have to move out of somewhere before the new house was ready.

Absolutely not. You'd be mad to.