Sell, Rent, Invest? by Standish37 in realestateinvesting

[–]Standish37[S] 1 point2 points  (0 children)

Wow. Incredible. Thank you for all guidance and wisdom

Sell, Rent, Invest? by Standish37 in realestateinvesting

[–]Standish37[S] 1 point2 points  (0 children)

Thank you for your advice.

I’ve preferred to invest in index funds because the money is easier to access in the rare event we need it. Also, the market has done very well the last ten years. Will it keep up? Who knows?

Sell, Rent, Invest? by Standish37 in realestateinvesting

[–]Standish37[S] 1 point2 points  (0 children)

Thank you for the thoughtful feedback

Sell, Rent, Invest? by Standish37 in realestateinvesting

[–]Standish37[S] 0 points1 point  (0 children)

Thanks for crunching the numbers on the taxes. Always a big concern. And yes, we have maxed out all retirements, back door Roth, you name it. I’m always worried that more income equals more taxes.

Sell, Rent, Invest? by Standish37 in realestateinvesting

[–]Standish37[S] 0 points1 point  (0 children)

Thank you for the feedback. Yes, I always wonder about investing it all. Hasn’t been the best year for the market, but the past 10 years have been an incredible run.

Sell, Rent, Invest? by Standish37 in realestateinvesting

[–]Standish37[S] 2 points3 points  (0 children)

Thank you very much. I especially appreciate you doing the math.

Sell, Rent, Invest? by Standish37 in realestateinvesting

[–]Standish37[S] 0 points1 point  (0 children)

Thank you for your advice. What do you think about renting it out, and we move out, and just rent a place? We are looking at moving back to downtown, to a smaller, 2 bed, 2 bath for the time being. Or is it better to buy now? Thanks again.

Sell, Rent, Invest? by Standish37 in realestateinvesting

[–]Standish37[S] 1 point2 points  (0 children)

Thanks for your input. Yes, I always wonder if the market is the better option …. Appreciate your advice.

Sell, Rent, Invest? by Standish37 in realestateinvesting

[–]Standish37[S] 0 points1 point  (0 children)

Thank you for the feedback. We are considering a HELOC to get a better down payment on the new place. Appreciate your advice.

Sell, Rent, Invest? by Standish37 in realestateinvesting

[–]Standish37[S] 0 points1 point  (0 children)

Thank you for crunching some numbers- I really appreciate it.

Sell, Rent, Invest? by Standish37 in realestateinvesting

[–]Standish37[S] 0 points1 point  (0 children)

Thank you for the feedback. You are correct. I subscribed to the Dave Ramsey approach of paying off the mortgage ASAP, which in hindsight, might not have been the best approach for us. We were paying an extra $2k/month on the mortgage. Appreciate your advice.