[quote=ltsdd]Adame99,
I am not sure if anyone has mentioned this already. But if I were you, and IFF you have the desire to be a landlord, then why not do the following:
1. Keep the property as a rental AND
2. Extract as much equity as you could/want out of it and use it for stocks trading.
By doing this you’ll get the $$ you need for stocks and at the same time own a rental and avoiding paying the gain you would have from the sale of property.
BTW., let’s go BRCM!
Good luck.[/quote]
Thanks. That is probably the smart thing to do, but I don’t think I’m built for it. I’m very much risk-averse and generally hate carrying any debt, even if it can be invested profitably.
I generally pay off my cards every month. I also never had student debt, despite getting multiple degrees. I used to always say that money comes and goes, but debt stays.
(Actually, maybe I’ve become old-fashioned since now the government is bailing everyone out. I guess debt also comes and goes in this new economy).