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Anyone have experience working at stepstone?
Anyone in the Real Estate Practice at EY?
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Yeah the debate is mainly do want to be a landlord for one home, what you could do is sell one, pay off the mortgage for the other home. Live mortgage free and for a year and stack a down payment for your family home.
At 300-400k comp, you can safely afford probably 5.0k principle, interest, property tax and insurance (piti). This would be about 800k loan depending on rate.
A good rule of them is spend a max 30% of take home comp on home payments.
It is a good ideal and I’ll advice you get that home regardless
It depends what you future plans are. Are you planning to have kids? What’s a comfortable square footage? Do you want to downsize?
Yes, planning on having kids. Will start trying after the wedding