Should I liquidate my stock portfolio to put up for a 20% down payment on a rental property?

I’m 20 years old making about $45k a year. I have $25k in equity in my index fund ($VTI–I’m sure you can imagine the beating it has taken so far). I was looking on Zillow and saw an attractive multi-unit property about an hour drive out from where I’m at that currently has 2 paying tenants. Homes for rent in that area is ranging from 1000-1300 a month. The listing price is $159,900 and my est. monthly mortgage payment according to Zillow is $1,039/mo which is tolerable. The home needs some TLC as it seems that the landlord was working on some projects but cut it short (looks like he wanted to add a deck in the backyard). The only issue is I’d have to sell all my stocks to afford the down payment, is this advised?

If you must know, my FICO score is a 773. I have no debt. I have a credit limit totaling $31k across all of my credit cards.

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I’m 20 years old making about $45k a year. I have $25k in equity in my index fund ($VTI–I’m sure you can imagine the beating it has taken so far). I was looking on Zillow and saw an attractive multi-unit property about an hour drive out from where I’m at that currently has 2 paying tenants. Homes for rent in that area is ranging from 1000-1300 a month. The listing price is $159,900 and my est. monthly mortgage payment according to Zillow is $1,039/mo which is tolerable. The home needs some TLC as it seems that the landlord was working on some projects but cut it short (looks like he wanted to add a deck in the backyard). The only issue is I’d have to sell all my stocks to afford the down payment, is this advised? If you must know, my FICO score is a 773. I have no debt. I have a credit limit totaling $31k across all of my credit cards. submitted by /u/exclusive_mo [link] [comments]

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