Just got engaged 😊😊. Need some advice. We both have two homes already.
1. Is it always better to get a third home ?
2. If yes, is better to rent out or sell the other two homes? Both homes mortgages are $1250 & $1450 and 1500 sqft & 2200 sqft respectively. Both homes are 3 bedrooms.
3. If we are getting a third home what price range is recommended?

We are based in Houston and HHI is going to be $380,000(including bonus & rsu) & $300,000 base. We are 27F & 30 M and no kids yet.

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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.

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It is a good ideal and I’ll advice you get that home regardless

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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

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