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How Would You Move Forward?
Hello!
Looking at purchase a first home but the issue is the homes we’d like to invest into in our area are far too expensive. My fiancé and I are open to investing out of state and are actually in a trip in Texas to check out real estate see how we like the idea of staring a family here.
Our Starting Point (Conservatively)
- Located in Camarillo, CA
- 120k portfolio in the stock market subject to short term capital gains with a potential tax bill of 15-20k
- Current W2 monthly income after taxes: $7k
- Side hustle 1 income: $200 month ($200 in profit)
- Side hustle 2 income: $1400 revenue ($0 profit) - debt at 29k
- Current debt: $47k (Auto: $29k Student Debt: $18k)
*the auto loan doesn’t show on our credit for some reason
How would move forward in our situation?
We also are considering continuing to contribute to the stock portfolios and open a line of credit when it makes sense. Has anyone had a positive experience with that?