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Updated 3 months ago, 10/03/2024
My financial situation... what to do..?
I currently owe $157,000 on my house. $55,000 in various loans,etc. I have $150,000 in a 403(b). Will be out of debt in May-June 2025 (the $55,000). My available income for investing will be around $30-$40k a year just by saving.
I have been pondering alternative ways to fund my first investment property. But I would love more strategies to do more than 1 property a year. I would love to do 2-3 properties a year. We have thought about selling our home buying a duplex and renting the other side. We have considered tapping into our equity or partnering with someone. Or maybe we should go ahead and commit to pay down the house, our mortgage is $1100. I'm a baby to this and learning the jargon so go easy on me in regards to terminology but I appreciate any ideas. Thank you!