Avsboy
Registered User
- Dec 12, 2006
- 32,242
- 16,656
Anyone own investment homes? Considering a purchase and wondering about useful advice to look into prior to making an offer. Busy working through how much it'll cost me from where I'd be withdrawing the funds.
If you work out the money it's better to simply rent and shove your money in a bank with a good advisor or wealth manager. Find bonds at 4% yearly and get some stocks in your portfolio as well. You have to consider taxes, heating, maintenance/renovations and inflation for home ownership, and where I live there's a large tax on selling a second property as well.