- Joined
- Aug 4, 2016
- Messages
- 1,833
Sounds like most others have you covered on the investment side so I won’t touch on that, but my brain wants to ask so many other questions.
Is $30K enough to get you into a second home without PMI?
If you’re able to retire in 3, but will work 8 more is it possible to stack cash longer and getting into stuff with better returns?
A lot of life can happen in 8 years, maybe getting a little closer to punch time will help you make a better decision?
Im not saying this is what you’re doing, but the reason I bring all this up….
You buy a house and $30K doesn’t get you enough to remove PMI.
So now you’re paying an interest rate and PMI for 5 years where maybe you'd have made more stacking cash all this time and leaving it in the market making some good cash.
As a proper numbers nerd I’d forecast it out and see what looks better for you.
The part that math can’t cover is if you’re bored and are actually excited to jump into a renovation (not many people are
).
I’ll shut up now.
Is $30K enough to get you into a second home without PMI?
If you’re able to retire in 3, but will work 8 more is it possible to stack cash longer and getting into stuff with better returns?
A lot of life can happen in 8 years, maybe getting a little closer to punch time will help you make a better decision?
Im not saying this is what you’re doing, but the reason I bring all this up….
You buy a house and $30K doesn’t get you enough to remove PMI.
So now you’re paying an interest rate and PMI for 5 years where maybe you'd have made more stacking cash all this time and leaving it in the market making some good cash.
As a proper numbers nerd I’d forecast it out and see what looks better for you.
The part that math can’t cover is if you’re bored and are actually excited to jump into a renovation (not many people are
).I’ll shut up now.
