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Money and Finances
Reply to "Put money in house Reno or in the market"
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[quote=Anonymous]Agreeing with splitting the difference and along with front loading a 529 plan. We sold two rental properties to buy a fixer upper in our dream neighborhood in 2015. At the time, we were 36/39 living in a new build in a transitioning neighborhood with three kids (5, 3 and 1). We put 3/4 of the profits into the renovation (primary home now has $1.2 mil in equity) and about $40k in each 529 plan (each has about $160k now with minimal contributions since the primary boost). Our total net worth was similar to yours and is now over $4 mil, 9 years later. Plus, we have the added enjoyment of living in a beautiful home. HHI at the time was $200k and is only $370k now. [/quote]
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