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Updated over 3 years ago on . Most recent reply
I love fly-fishing and elk hunting; Interested in real estate
I'm a newbie to forum living in the Boise, Idaho area. The market is going crazy here.
I'm a pharmacist, 38 years old and I'd love to retire from pharmacy sooner than later.
I love Idaho...the Elk and upland hunting, fly fishing, etc.
I did a cash out refi several years ago to use cash for real estate investment purposes, but my wife and I decided to hold off on real estate and dump the cash in stocks instead. I don't regret that move, but now is it's time to start thinking about real estate.
I'm about to sell my home for about 4X more than I paid for it back in 2010 and walk away with a good chunk of cash in addition to the cash out that I grew in by investing in stocks.
So here I am. I need to find a smaller home for my family ( I assume one that will rent well one day; I'll probably do a downpayment rather than buying outright), and I'll have around $600K to use for investment purposes.
I'm happy to make my intro.
Let's do this!
Most Popular Reply
Welcome! Have you already found a place for your family to live? One caution I've been hearing about in our market (I'm in Boise too) is that some folks that are eager to cash out on appreciation end up spending most of their gains on their new house. Interest rates are still good, so that'll help. As for investing, there are a number of great REI groups in the area I'd encourage you to check out! One of the best things about Idaho is the community, and it's no different in real estate!