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Reply to "Second home or make cash flowing long term rental? "
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[quote=Anonymous]Sell both. Take $500K equity from current primary house and put as down payment towards $1.5M house. That gives you a mortgage that is 1.25x your HHI which is extremely conservative. At $700K HHI you could do $2M purchase price with $500-800K down from both properties and still be below 2x HHI. Remember the conservative rule is 2.5x so you’re still wellllll below the average. [/quote]
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