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Updated about 1 year ago on . Most recent reply

User Stats

20
Posts
13
Votes
Jose Botello
  • New to Real Estate
  • Southeast Missouri
13
Votes |
20
Posts

Stuck trying to make a decision

Jose Botello
  • New to Real Estate
  • Southeast Missouri
Posted

Little back story. I Have been trying to get started on real estate for about 3 years now, my wife and I were close to pulling the trigger on a property when a plot of land came up at a discount price. We’ve always wanted land to build on, been together for 10 years. Anyways, we bought the land, cut the timber off of it and essentially got our down payment back plus some. My dilemma is, should I start building or take the money and look for a property? Building would put me at a 5 minute drive to work vs 30 min currently and we would be down sizing bringing our mortgage payment down and we’d be in a happier place. Doing all of this would delay investing. 
Thoughts? Suggestions? 

Thank you all!!

Most Popular Reply

User Stats

20
Posts
13
Votes
Jose Botello
  • New to Real Estate
  • Southeast Missouri
13
Votes |
20
Posts
Jose Botello
  • New to Real Estate
  • Southeast Missouri
Replied
Quote from @Account Closed:
Quote from @Jose Botello:

Little back story. I Have been trying to get started on real estate for about 3 years now, my wife and I were close to pulling the trigger on a property when a plot of land came up at a discount price. We’ve always wanted land to build on, been together for 10 years. Anyways, we bought the land, cut the timber off of it and essentially got our down payment back plus some. My dilemma is, should I start building or take the money and look for a property? Building would put me at a 5 minute drive to work vs 30 min currently and we would be down sizing bringing our mortgage payment down and we’d be in a happier place. Doing all of this would delay investing. 
Thoughts? Suggestions? 

Thank you all!!

Family First. Build, be Happy.

 Thank you! 

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