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/biz/ - Business & Finance

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11815643 No.11815643 [Reply] [Original]

I have a yearly income of 165k, should I buy a second house?

>> No.11815655

inb4 housing crisis

>> No.11815693

>>11815643
If the renter will pay off the mortagage, and you have / are comfy with paying two or three mortgages then sure... Doubt you have the 25% to buy an investment property and will be putting a second mortgage on your current house for your downpayment.

>> No.11815704

Maybe if you live in Detroit lmao

>> No.11815781

No invest in equities.

>> No.11815911

Houses are not investments

Boomers are going to dump them all at once to retire and there's not going to be enough people to buy them causing a price collapse

>> No.11815962

>>11815643
Based 90's era Lexus LS 400

>> No.11815991

>>11815643
Buy 165k houses for 1k each and wait 10 years for house prices to go up and profit senpai its fucking science trust me

>> No.11816027

>>11815991
>Buy 165k houses for 1k each
Will you be supplying the remaining $164,835,000 required to implement this plan?

>> No.11816089

>>11815643
I'm the same bracket. My plan is to buy a second house. One thing though: The reality is that what you should do is buy another primary residence for the tax break and make your current house the rental.

Spend some time on bigger pockets. The podcast is pretty great.

>> No.11816482

>>11815962
That’s an ES 300 anon.