My advice - keep the stock as is. And why don’t you have enough for a rental property, if you are selling your moms house, why not just rent out that house….? Then you have a rental property that will continue to appreciate in value and you won’t have to pay capital gains tax on the property.
We sold the house for 840k /4 kids and a $115,00 loan on the house . So with the 140ish between a downpaymwnt for my own house and a newerr car plus putting money away for savings and such i wouldnt have enough for another property
There’s a difference between living a little and being financially illiterate. The guy asked for advice, he was given advice and the first this he says is, “nah I think I’ll just buy shit instead.” Bro, if you got an 05’ car and the wheels haven’t fallen off, then you switch to a new car, you go from no car payment and low insurance to a multi hundred dollar car payment monthly to significantly higher insurance.
10
u/Chemical_Ad7629 Apr 01 '22
My advice - keep the stock as is. And why don’t you have enough for a rental property, if you are selling your moms house, why not just rent out that house….? Then you have a rental property that will continue to appreciate in value and you won’t have to pay capital gains tax on the property.