GoFuckYourself.com - Adult Webmaster Forum - View Single Post - OK, let's say you can put cash in the bank or ...

RayVega · 08-31-2006, 02:55 PM

I'm selling my house and moving from new York to another state where the real estate is much less expensive. Now, I have a nice chunk of change coming since I have a built some equity in the current home. More than enough to buy a nice home in Minnesota without holding a mortgage at all.

now:

Financial Consultant#1 says don't buy a house outright or put a big down payment down, but borrow just under 80% and keep the cash in your possession where you can make it work for you either by investing in more real-estate or in an interest bearing account. Cash in hand beats all, use other people's money, not your own!

Financial Consultant says, put it all in the new home, lower or no monthly payments means less stress and more security.

So just for kicks, what would you do?...

08-31-2006, 02:55 PM
RayVega Confirmed User Industry Role: Join Date: Jul 2004 Location: New York ICQ#348007554 Posts: 4,212	OK, let's say you can put cash in the bank or ... I'm selling my house and moving from new York to another state where the real estate is much less expensive. Now, I have a nice chunk of change coming since I have a built some equity in the current home. More than enough to buy a nice home in Minnesota without holding a mortgage at all. now: Financial Consultant#1 says don't buy a house outright or put a big down payment down, but borrow just under 80% and keep the cash in your possession where you can make it work for you either by investing in more real-estate or in an interest bearing account. Cash in hand beats all, use other people's money, not your own! Financial Consultant says, put it all in the new home, lower or no monthly payments means less stress and more security. So just for kicks, what would you do?... __________________ Ray "The Don" Vega Managing Director Private Equity Fund [email protected]