[quote=MountainBound]Piggs, I have been a loyal reader for 3 years. Sold my house that I bought in 1998 at the peak in 2006. Rented it back from ther “inverstor” that I sold it to. Three years later, he lost it in foreclosure and I bought it back at the Trustee Sale for less than I paid in 1998.
So here’s my question, since I now own the house free and clear, should I take out a mortgage at todays low rates and invest the proceeds? If inflation appears wouldn’t I be better off?[/quote]
Lol, MB, LUV IT!! I couldn’t answer your question here as to whether you would be better off but CAN say that if you re-mortgage your principal residence to invest in a modest SFR in an area which you are intimately familiar with, live close to and can manage yourself and which will be a positive cash flow for you, than I see this move as building your own net worth IF you can acquire the property as a decent enough price.
