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Real Estate
Reply to "Renting house on the Hill"
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[quote=Anonymous]"we think we can rent it for more than mortgage, taxes, upkeep, etc" That is irrelevant. The question is whether your return from renting it (rent + appreciation - taxes and other expenses - the value of your time and effort) is greater that the return you'd get from selling it and investing the proceeds in something else, such as stocks. "and would love to diversify our portfolio" You already have a new house, and the future return of that house is going to be highly correlated with return on your old house. So the question here is whether how much you want in real estate (one or two houses) vs how much in stocks and other financial instruments. I understand this doesn't answer your question, but those perspectives might explain where your advisor is coming from.[/quote]
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