Quote:
Originally Posted by Tapioca
The simplest answer is: it depends.
Do you want a larger down payment so you can buy a larger property or to reduce your mortgage payments?
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Both. Larger space but not interested in being house poor.
Quote:
Originally Posted by Tapioca
Do you think your condos will remain cash flow positive for the forseeable future? Do you plan to hold them for a long time so you can minimize your capital gain when it's time to sell (e.g. you would sell them when you retire or are making a career transition) Do you enjoy being a landlord with all the work that it entails? I can tell you that if you decide to start a family, the last thing you want to do when you're sleep deprived is to run to the other side of town to deal with an issue.
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