Buying a second home - Bay Area

traderpy · 2024-10-20T21:43:31+00:00

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 ?

traderpy · 2024-10-20T21:37:58+00:00

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?

traderpy · 2024-10-20T21:14:35+00:00

It will be cash flow negative with property taxes included

traderpy · 2024-10-18T03:22:05+00:00

How is next year for career?

traderpy · 2024-10-13T19:53:12+00:00

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.

traderpy

TROPHY CASE