Note: This could happen NOT by your choice with a layoff.

Pay it off and then buy a new primary and turn your current home in to a rental.

We like doing the hard work of doing due diligence, researching property histories, getting estimates, negotiating contracts, etc.We're also going to be looking to buy and hold in the near future possibly by BRRRRing.

If they are VERY professional, they will have their processes in writing as verification that it is enforced equally and fairly by their entire staff. 6.

This scenario is determined by the condition of lead-paint and the cleanliness of the unit (remember, we are dealing with dust and paint chips - less dust = lower levels). 

And as time goes by, rents will increase and your income will look better and better.My first investment in 2004 made $35 more than the mortgage.

By year's end, the inventory flattened out considerably.Property values, however, kept soaring in 2024.

But by putting it into a broadly diversified index fund like others have mentioned, you'll get the higher "expected" returns of the stock market.  

The ability to turn single-family lots into duplexes or even split lots for separate units can significantly boost rental income and property value.

The letter goes like this:  By the way we have underfunded our reserves, so we need $5000 from each condo owner by July 1st, in order to replace the roofs....