Whats the plan? What are you buying?Waiting for a deposit to clear with TD. Going in with 1/4 purchasing power tomorrow cause I'm a scaredy cat who has no balls.
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Whats the plan? What are you buying?Waiting for a deposit to clear with TD. Going in with 1/4 purchasing power tomorrow cause I'm a scaredy cat who has no balls.
Interest rate cycle of higher rates , you would be safer in money markets . The yield on the fund aint going to compensate for principal declines inmo .I am worried about my 401K. Pretty crazy run the last 5 years but am afraid its going to plunge. It's all invested in medium and large US stocks. I can move to a no risk bond fund where I will lose nothing if the market crashes. Any thoughts?
Absolutely I would. HELOC. No brainer. Will easily cover your down and more than enough left over for improvements and furnishings. You don’t have to even start paying it back for 15 years. APR would be prime plus around .75-1%. They’ll loan you up to 80-90% of your equity as long as it’s within the max acceptable DTI ratio. No better time than now to cash in on thatI'm looking for an opinion on a financial issue. I have quite a bit of equity doing nothing for me and contemplating buying a vacation rental in Huatulco. 2 BR 2 BA places go for $125K-$150K USD. I would need $30K for down payment, legal fees and furnishings. Huatulco is full of Canadians from Novemer through April. Place would be fully booked all winter. I'm 52. I can't imagine moving elsewhere. I got in really low. $327K for a 3BR 3BA townhouse. I cant afford to move. Would you pull the trigger if you were in my financial situation?
Is this some place with an on-premise maintenance staff that deals with headaches and you pay for it, or are you your own foreman on this via phone from SD?I'm looking for an opinion on a financial issue. I have quite a bit of equity doing nothing for me and contemplating buying a vacation rental in Huatulco. 2 BR 2 BA places go for $125K-$150K USD. I would need $30K for down payment, legal fees and furnishings. Huatulco is full of Canadians from Novemer through April. Place would be fully booked all winter. I'm 52. I can't imagine moving elsewhere. I got in really low. $327K for a 3BR 3BA townhouse. I cant afford to move. Would you pull the trigger if you were in my financial situation?
I got the impression from the post that it’s the former. GBG aint got time for that I hear you though, only way you go with the latter is if you live there Ogro styleIs this some place with an on-premise maintenance staff that deals with headaches and you pay for it, or are you your own foreman on this via phone from SD?
I mean having a place in Mainland May-October that you can rent Nov-April sounds dank. Find someplace with good surf Nov-April when that's the "down" tourist season and celebrate good times come on.
But dealing with maintenance/repairs sounds like a pain in the ass in my own place in the US.
MY sister did and she would have a made a bunch of money during the boom.I am worried about my 401K. Pretty crazy run the last 5 years but am afraid its going to plunge. It's all invested in medium and large US stocks. I can move to a no risk bond fund where I will lose nothing if the market crashes. Any thoughts?
Def aint got time for that. Furnish it and turn it over to a property mgt company.I got the impression from the post that it’s the former. GBG aint got time for that I hear you though, only way you go with the latter is if you live there Ogro style
Not sure about state/municipal licensing of property management - there might be regional monopolies. Not sure if these maps are current, but check with the local representative.Def aint got time for that. Furnish it and turn it over to a property mgt company.
I went all vanguard ETF's: information tech, energy, consumer discretionary, mid cap, small cap, all Risk 5.Whats the plan? What are you buying?
Excellent flicks - sorry to hear that there will not be any more. del Toro rulesDon't forget to pick up some botana.....