Reply to Pay off investment properties or buy new ones

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Reply to "Pay off investment properties or buy new ones - what would you do?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]People have tons of different answers to that question. One I have heard multiple times is real estate should be 20% excluding your primary residence. Another common one is 33%, presumably including your primary residence.[/quote]

This is almost exactly where we are - real estate is 22% of our portfolio without our primary residence, and 33% with it. The rest is in stocks and bonds with a small amount (less than 5%) in cash. Our net worth is about $1.5M total

[/quote]

Your primary residence is CHEAP. wow.[/quote]

No, whatever you calculated in your head is their equity in their primary residence, not the value of the actual house.  For all we know, their residence could be $800,000 with $150,000 down and just starting to pay the mortgage.[/quote]

Very close. Primary residence was $725K with a $460K mortgage. I estimate equity at about $220K because I subtract estimated costs associated with selling. [/quote]

Small downpayment for such a rich guy.
Pay down that massive mortgage.[/quote]

Rich girl ;)

And no thanks. Investments have gained 20% in the two years since I took out my 3.5% mortgage.[/quote]

What number wife are you?
How many other kids does he have?[/quote]

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