Need advice - S.O. and currently I make ~200k a year, we own a small condo (investment property, debt free) and a 200k mortgage on the place we live in. We are family planning and interested in buying a house in the near future, say within 3 years. What would be the reasonable price range for this house if we have ~400k saved for down payment at the moment? TYIA!

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Jesus - Kudos to you. Can I ask how old you both are?

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Thanks! Both around 30. Part of the savings are from mom and dad - they would like to live with us after retirement so they’re willing to contribute.

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Assuming not NY or LA, about $948k ($400k down plus maximum $548k mortgage)

Not on the coastlines & Thank you!

A milli - congrats!

Are you going to keep your current property as another investment property?

Yes, hoping so, we currently live in a 2b2b, so it would be nice to generate some rent.

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Combined income is 200k or each makes 200k?

Combined 200k salaries.

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