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Reply to "How did you afford your $1M plus home?"
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[quote=Anonymous][quote=Anonymous]Married 1999. Bought first home in DC 2004. $605k. We put down 20% of our own $ (no help, inheritance, etc). Moved out of first home 3 years later to rent in new area/test it out. Renovated first property and rented it out. Bought 2nd home or 1.06k in 2009. Put down 20% of our own savings again. No outside help, no prior home sale. We rent out first home which more than covers that mortgage. We could have sold first and gotten a slightly bigger second home- but first home is such a great investment property we decided we will hang onto it forever.[/quote] 1.06 mill (not k)[/quote]
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