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All Forum Posts by: Fakal Azeem

Fakal Azeem has started 1 posts and replied 1 times.

Post: Qualified for 2m loan what should I buy?

Fakal AzeemPosted
  • Posts 1
  • Votes 1

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?