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Updated almost 6 years ago on . Most recent reply

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Selling home to pay off debt!

Posted

Hi BP ! My husband and I are selling our primary residence to pay off all our bad debt and get started in realestate investing. We plan to rent for a year until we save up for a downpayment or buy cash. Should we get started with house hacking or buy a buy a rental and keep renting? Rent in our area is very high

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Frank Wong
  • Real Estate Broker
  • Bay Area
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Frank Wong
  • Real Estate Broker
  • Bay Area
Replied

Hi Yandry,

Love the idea of selling and paying off your debt and freeing things up.  I know lots of people that have done that. They are all much happier. Less debt more monthly cash flow and enjoying life.  Restart and now work from a new position. 

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