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Reply to "What to do after house is paid off"
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[quote=Anonymous][quote=Anonymous]In 2 years we will have our house paid off. Its current market value is 1 million. We made a mistake of borrowing only for 15 years at a very low interest rate. Is it a good idea to use it to take out loan and buy investment properties? Otherwise it's sitting there doing nothing for us.[/quote] all loans are expensive these days. your payment will be higher than whatever rent you can command. We are mid 40s and had kids early. They are now odd to college/late high school. Being 45, we realized we are wayyy too heavy in 401k/Megs Roth/HSA and are dumping all extra disposable income into taxable brokerage. It’s the ONLY way we can retire in our 50s. we do have rentals, but don’t really see those as sources of income. However even for those alll profits from those go into bitcoin and have been for a number of years. It’s started as a gamble that we just thought was crazy. [/quote]
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