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Updated about 7 years ago,

User Stats

95
Posts
17
Votes
Kameron Patterson
  • Greenwood, IN
17
Votes |
95
Posts

Should I trade in my car to improve DTI if I am a Realtor?

Kameron Patterson
  • Greenwood, IN
Posted

Looking to trade in my $30k car to improve my debt to income. However, I will definitely take a loss on it as I just purchased it 2 months ago. I recently became set on being a real estate investor and have had buyers remorse ever since. 

I am getting my real estate license and will be able to write off my car and it's depreciation if I keep it. 

Should I Trade it and take a loss or should I keep it and deal with the dti and being a slave to the rat race for 5 years?

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