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All Forum Posts by: Warren Halstrom

Warren Halstrom has started 1 posts and replied 2 times.

Buying & Selling Real Estate

Post: Wondering if it is time to sell?

Warren HalstromPosted
  • Tallahassee, FL
  • Posts 2
  • Votes 0

Hi Ralph,

Thank you for your response. Your advice is sound. I have been able to read several good books on the subject like the one you've mentioned and "The Richest Man in Babylon". If I did sell, should I pay off the mortgage on the other rental? 

0 Votes
Buying & Selling Real Estate

Post: Wondering if it is time to sell?

Warren HalstromPosted
  • Tallahassee, FL
  • Posts 2
  • Votes 0

I have two rentals. Both are homes that I previously lived in so I enjoy a low interest rate. One is in Ponte Vedra Beach with high HOA fees so the income is not particularly high. I have paid off 2/3 of the mortgage so most of my money is in the home. Getting encouragement from my wife to sell to pay off debts and take pressure off of family $. Two finished college, two in high school. I'm scared to death to relinquish what I feel is a key to our financial future. Only have about 100K in retirement. I am 54 years old.

0 Votes