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Old 08-14-2015, 09:17 AM
 
88 posts, read 153,373 times
Reputation: 82

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1. Buy an investment home in Plano for cash and rent it out.
2. Buy a new home in Plano/Frisco and rent it out.
3. Invest in Equities
4. Payoff your own home
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Old 08-14-2015, 10:02 AM
 
Location: Prosper
6,255 posts, read 17,095,367 times
Reputation: 9502
I'd pay off my own home. That would still leave me with plenty to invest.
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Old 08-14-2015, 10:19 AM
 
Location: Dallas, TX
254 posts, read 433,661 times
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Quote:
Originally Posted by mckinneyownr View Post
i'd pay off my own home. That would still leave me with plenty to invest.

+1
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Old 08-14-2015, 10:29 AM
 
5,264 posts, read 6,403,017 times
Reputation: 6229
Strippers and drugs and just waste the rest.

If I wanted to invest in homes (with the assumption of appreciation driving the purchase and not rental income), I'd not pick DFW.

Even if I were interested in rental income, I'm not even sure DFW rental rates are high enough if you are purchasing now in the $200-400k range, but that risk might be reduced by buying outright.
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Old 08-14-2015, 10:35 AM
 
446 posts, read 846,155 times
Reputation: 451
3.

Home is at a sub-4% rate, so I wouldn't bother with that. I'd pay off my 6% student loans and invest the rest in equities.
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Old 08-14-2015, 10:59 AM
 
21 posts, read 32,059 times
Reputation: 16
If you can still afford your mortgage payments after you pay off the $400k... then i would buy a brand new home in Frisco/West plano and rent it out... i am sure you should be able to make $2000-2500 if not more a month on it.
I would do this provided your current mortgage rates are low ... if you have rates high... may be paying off your current mortgage might be better..

you still have to consider the rental income taxes and property taxes you might incur .... just weigh those numbers and see what makes sense.
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Old 08-14-2015, 11:20 AM
 
1,167 posts, read 1,816,719 times
Reputation: 829
Quote:
Originally Posted by KBubby View Post
Hookers and Blow.
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Old 08-14-2015, 11:53 AM
 
Location: Irving, TX
692 posts, read 855,250 times
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Move.
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Old 08-14-2015, 03:23 PM
 
162 posts, read 195,012 times
Reputation: 104
What's your investment horizon? What is your current loan amount? Can you handle riskier investment?


I wouldn't buy a new home and rent it out, it will be trashed in a few years. Apartments/Multi-units might make sense but at Plano I don't think its doable now, prices went up 30% the past 3 years, and finding investment property that generates reasonable income is very difficult. Some other area in Dallas might make sense, and home prices are still appreciating but with $400K I would look at $1M+ purchase.
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Old 08-14-2015, 04:33 PM
 
1,783 posts, read 2,571,734 times
Reputation: 1741
I'd pay off house and student loans. Invest the rest.
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