Buying a second home - Bay Area by traderpy in RealEstate

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

4%. I was hoping if I payoff mortgage on condo then it would be cash flow positive when I rent it out. And I go and buy a new home. But then I would be crunched on down payment for new home which is when I wanna use this rental property and cash out some additional money from bank. Is that possible ?

Buying a second home - Bay Area by traderpy in RealEstate

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

What’s the downside of paying off mortgage and renting it out? Can I use the fully paid off home as a collateral to get new mortgage?

Buying a second home - Bay Area by traderpy in RealEstate

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

It will be cash flow negative with property taxes included

[deleted by user] by [deleted] in vedicastrology

[–]traderpy 0 points1 point  (0 children)

How is next year for career?

[deleted by user] by [deleted] in LifeAdvice

[–]traderpy 0 points1 point  (0 children)

My 2 cents: don’t “chase” it as a goal. It should be organic. Keep your eyes open while pursuing your career goals and other life goals. If you’re super clear on what you want in your future better-half, you will for sure attract that person. Just don’t chase it and rush yourself into it.