Need some advise on Real estate investments

Jan 2 7 Comments

##Hi Blinders,

First of all thanks to everyone as I was able to double my salary this year from start to end with all the posts and information from everyone one of you

I am currently at Sofi.

I did buy a single family home(Salt Lake City) at the start of the year for 3% down and currently refinanced it couple of months back for 20% appreciation.

I am thinking of buying a new home with my current exposure to more salary in growing area like Saratoga Springs/ Eagle mountain for less than 600k (major homes are built in last 5 years)

Should I refrain from doing that or should I proceed with it as this will totally take out my credit exposure limit to max(which is 50% of your salary).

Currently am on H1b and my wife has not started earning yet.

All your thoughts and comments are appreciated.

#SaltLakeCity

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