Anonymous caller: I was recently reading a paper from the Yale School of Management about housing returns. My boyfriend and I are thinking of moving out of our current home to my hometown in about six to seven years, possibly sooner. Does it make more sense to put 10% down in the next year or so and rent or Airbnb and out until we are able to move in? We spend a lot of time in my hometown already and have plenty of people that could help manage it.
#455: Yvette recently retired with the goal of reaching a $10,000 monthly income from her real estate investments. Should she put her money toward debt payoff or portfolio expansion?
Carly wants to buy a second home and convert her current home to a rental. What are the pros and cons of tapping into existing equity versus saving cash for a down payment?
An anonymous caller plans to move back to her touristy hometown in six to seven years. Is it smart to buy something now and take advantage of a thriving Airbnb market?
I tackle these three questions in today’s episode.
Enjoy!
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For more information, visit the show notes at https://affordanything.com/episode455
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