Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 4 years ago on . Most recent reply

User Stats

1
Posts
1
Votes
Fakal Azeem
1
Votes |
1
Posts

Qualified for 2m loan what should I buy?

Fakal Azeem
Posted

I recently qualified for a 2m loan with a 30y fixed rate of 2.8%. This seems like a good rate and I expect my income to go down in the future, so would like to take advantage of this now and (first time) buy real estate that might cashflow and/or appreciate. 

Where/what would you recommend buying? 

I’m lazy and dont want to be an active landlord. It also might be nice to live in whatever I buy and if so I prefer locations with nice weather peaceful and low crime. I live in the sf bay area and was informed 2m will be considered a starter home so seems like maybe I can get a better deal elsewhere in the country. Any ideas?

    Most Popular Reply

    User Stats

    4,954
    Posts
    13,097
    Votes
    Mike Dymski
    #4 Investor Mindset Contributor
    • Investor
    • Greenville, SC
    13,097
    Votes |
    4,954
    Posts
    Mike Dymski
    #4 Investor Mindset Contributor
    • Investor
    • Greenville, SC
    Replied

    Real estate investing is not a lazy endeavor, particularly investing 2 million.

    Loading replies...