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    Am I Crazy buying house with cash with mortgaged property

    @cee_the_atheist You said that you could save €120-€130k in 2 years. So based on that it would take you 3 years to save the price of the fixer upper. So for the next 2-3 years you overpay the mortgage and then for the 3 years after that you save for the fixer upper. 5-6 years and you’ve got both...
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    Loan repayment bounced, seeking recourse

    @analogica These are automated systems. There isn’t somebody picking and choosing which DD to process and prioritise.
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    Am I Crazy buying house with cash with mortgaged property

    @cee_the_atheist I’d clear the mortgage first and then buy the house. You’ll end up having option 1 and 2 done in 5 years and then the rent from the Rent a Room will pay for the renovations of the new house. Also, you are over the threshold for the rent a room. Might want to watch that.
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