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Author: Let's think about it    Date: 7/20/2023 1:19:16 PM  +1/-1   Show Orig. Msg (this window) Or  In New Window

You've got a great rate on your mortgage, but your equity is tied up in the house. You should have opened up a HELOC when rates were low if you were looking to tap into that equity, you've missed the boat on that one.

You've got a house that's costing you very little to own. Seems to me like your options are:

1. Live in it since it's cheap, invest your extra money.

2. Rent it, whether long term or short term rentals. Get a property management company if you don't want the hassle of being a landlord. You're still cutting checks for when things break though.

3. You don't want to be a landlord, so just cut bait and sell it and do what you want with the money.

My thoughts: You don't want to be a landlord, so don't. Sell the house and take the win.
 
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Interest rates +0/-2 Pepe Lepew 7/20/2023 1:42:26 AM