Stocks : 1.1M House: 1.2M, 1.15 Debt (2.2% interest rate) Investment property: 1M with 570k debt (3% interest rate) total tc: 850 Question: The stock & housing market seems volatile and will continue to be for the next few years. Should we sell the investment property to reduce overall leverage even though it has low interest rate?
1000k?
haha corrected, rounded out 980k to 1m but forgot to convert
Stock market might be volatile but real estate will be strong. It might go down a little bit, but you can never call it volatile. Of course depends on the location. Where are your properties located?
seattle area
1000k
HODL
Seems solid
I would not want to have that much debt considering how rough I think this recession will be. If you loose your jobs, and stocks and real estate fall by 50% over the next years, you could be in a hard spot or have to pick the property to keep (despite your currently massive TCs) I'd rather have a fully paid for house, so I don't have to worry about being underwater on it, or worried about making payments if I'm out of a job. But this is just me.
How much cash do you have? If you have more than 6months of paycheck, then doesn’t really matter.
850k? Ffs what’s your role?
Why would you do that. You got at very good rate and with that TC you should look to buy another.