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Updated about 1 month ago on . Most recent reply

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Jason Proulx
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Should i keep house or rent it in 2025

Jason Proulx
Posted

Bought a home in nc paid cash for it. Have my old home i moved from mn. I still own the home in mn at a 4.25% mortage.  Trying to decide if i should sell and put money into stock market invest. The home in mn over 20 yrs averaged 2.8% increase per year. So thinking would do better with money in market.  Not sure of housing in 2025 and future. Thanks for any thoughts. 

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Jonathan Greene
#5 Starting Out Contributor
  • Real Estate Consultant
  • Mendham, NJ
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Jonathan Greene
#5 Starting Out Contributor
  • Real Estate Consultant
  • Mendham, NJ
Replied

There isn't really enough information here for someone to give you good advice. Why did you pay cash for the home in North Carolina? What did you pay in MN and what is it worth now and what town is it in? Do you even want to keep the home in MN since you moved? It might be wise to sell it just from a management standpoint and reposition the money into some index funds and maybe another property in NC.

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