Originally Posted by
myrkridia
I hear what you're saying. It's the rate in combination with the increased price of housing. Renting out my current house from another state just sounds like a giant PITA I would rather live without, not to mention my portfolio would be almost entirely real estate between two houses once we finally buy wherever we decide to live.
A 6% interest rate is high compared to what we locked into, but it's not that high from a broader historical perspective. What's tough is 6% on more than double the house.
Hore a property manager, it's less of a PITA. I have 3 houses as rentals (collected due to job changes). Thanks to low interest rates, they all turn a fair profit. I really wouldn't worry about your portfolio being heavy realestate since you're new at your major your 401k balance will increase rapidly when you're dumping close to the overall max into it between you and your company contributions. You can always throw money from your monthly cash flow and your profit sharing checks towards the new house to pay it off early also.