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Updated almost 4 years ago on . Most recent reply

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Fakal Azeem
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Qualified for 2m loan what should I buy?

Fakal Azeem
Posted

I recently qualified for a 2m loan with a 30y fixed rate of 2.8%. This seems like a good rate and I expect my income to go down in the future, so would like to take advantage of this now and (first time) buy real estate that might cashflow and/or appreciate. 

Where/what would you recommend buying? 

I’m lazy and dont want to be an active landlord. It also might be nice to live in whatever I buy and if so I prefer locations with nice weather peaceful and low crime. I live in the sf bay area and was informed 2m will be considered a starter home so seems like maybe I can get a better deal elsewhere in the country. Any ideas?

    Most Popular Reply

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    Mike Dymski
    #5 Investor Mindset Contributor
    • Investor
    • Greenville, SC
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    Mike Dymski
    #5 Investor Mindset Contributor
    • Investor
    • Greenville, SC
    Replied

    Real estate investing is not a lazy endeavor, particularly investing 2 million.

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