Hey guys. We are about to get $25k out of our home. We lowered the rate and the term. Our initial plan was to build out our attic and add a bedroom and bathroom. They say this adds 15% and that’s about right for this community. BUT, we can live without it. So what do you think - what’s smart? The ideas are swirling!
- Add to our Index Funds for retirement. We can spread it across our Roth over 2 years. But we were planning on maxing out the Roths anyway. So…
- Stick with the plan and upgrade our home. This will give us more equity to move in about 5 years.
- Invest the cash with someone who gets a 12% return on 6-month home flip. Continue to use this money to re-invest.
- Put the money down on a rental. 25k won’t go far… but would be a deposit on something somewhere.
Thoughts!?