All Forum Posts by: Jason Middleton

@Jason Middleton In most cases I would advocate for purchasing a separate primary home since rates are so different right now. I would guess that your other mortgage has a lower rate and that you cash flow very fine. Buying a primary home means lower down payment (maybe 0% down with VA loan?) and a lower interest rate as well. At least lower than investment properties. There might be more to it but that's how I feel on the surface. Hope all of that makes sense.

Many Thanks Andrew! Yes, that makes sense!

0 Votes

Modesto/Merced, California

Hi, I have a single family rental in N California. It’s worth about $340k and I’ve got $150k left to pay. I’m currently overseas, and will be moving back to the US in Apr 2023…this year, for 2-3 years…maximum. I’m torn between moving back into the rental or continue renting it out and purchasing another home to live in while I’m in the U.S. If we moved into the rental, we’ll need to put at least $35k in it to feel comfortable living in it. Also, I’m thinking… buying another home could increase my wealth, and when I return to Europe, we’ll have 2 rentals. I’m a retired veteran, and I have cash (that doesn’t mean I want to use all my cash 🙂) for a down payment to purchase another. So, the question is…should I keep the rental, and purchase another home, live in it for 2-3 years and then turn it into a rental?

1 Vote

Modesto/Merced, California

All Forum Posts by: Jason Middleton

Jason Middleton has started 1 posts and replied 2 times.

Post: Advice on Purchasing Additional Property

Post: Advice on Purchasing Additional Property