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Updated almost 2 years ago on . Most recent reply

User Stats

8
Posts
4
Votes
Travis Gainey
  • Real Estate Agent
  • Concord NC
4
Votes |
8
Posts

Put off investing and 100k to live more comfortably?

Travis Gainey
  • Real Estate Agent
  • Concord NC
Posted

My wife and I have had plans to buy and investment property. We currently have a lot of equity in and have a $100,000 Heloc on our primary home to use towards down payment and rehab of a rental. Our issue is our home is not ideal for our recently expanded family after the birth of our first child. We currently have the option to purchase a newly renovated home that would suit us better. Do we trade our equity and opportunity and put off my dreams to give my family a better life now or do we continue to delay gratification and stick to the plan?!

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