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Real Estate
Reply to "200K salary"
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[quote=Anonymous]Where is your $500k down payment invested now? If it's invested in the stock market I think it would be a better bet to wait until your childcare expenses go down once your kids are in school, with the potential to be able to make a larger down payment then. I'd try to keep your monthly mortgage payment to $4,000/month or less, but that would almost certainly be a townhouse. Maybe also consider selling the rental property in order to be able make a larger down payment? If a SFH is your goal it looks like even the smaller fixer-uppers are $1.1M and up. In terms of keeping the monthly payments manageable, you should be looking at a loan amount of $500k or less. [/quote]
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