confused asked:
I have a home worth 500,000. I have 330000 equity. Should I sell? and If I do what should I do with the money? I dont have another home. I’m just renting it out for $1000 above the mortgage.
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Wednesday, December 23rd, 2009 at 4:27 am
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December 24th, 2009 at 6:35 am
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buy another one, or you’ll be homeless.
December 27th, 2009 at 12:56 pm
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sounds like you have a good deal now..$1000.00 above the morgage..also house prices are going down, you might want to hold on to it @ least until prices go back up..
December 28th, 2009 at 8:15 am
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I would suggest thinking about your long-term goals. Most likely you should speak to a couple of financial advisers that your friends can refer you to. A good financial plan should align your goals with options that you can consider. You would probably also want to speak to a tax adviser to make sure you won’t get hit with a hefty tax come tax time if you decide selling is in your best interest. Don’t forget to consider your income and what you currently pay.
December 30th, 2009 at 6:52 pm
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what are you planning on doing live in you car — i think i would find a place to live before i sold my roof — than see how much money i woul have left to invest!!!