If you have X to spend on investment properties, you can buy 4X properties if you take out a 75% LTV mortgage on each. That’s basic arithmetic.

My “poverty mindset” has resulted in me owning 6 properties totaling 2.8mm in value (1.6mm equity) rather than maybe owning 1 paid down property with your strategy.

There is not one single finance person on the planet who would tell you to pay cash for a home when you could get a 3% interest rate mortgage. Even without the tax deduction it makes no sense.

timothies and Dave Ramsey’s pay cash or aggressively pay down their mortgage and landchads use other peoples money to build a portfolio.

This isn’t even a discussion worth having it’s not even close.

Lmfao. I’ll keep buying houses and renting them out to you. And you’ll keep paying my mortgage, property tax, and them some.

the money you would make off leveraging your money to buy multiple properties or even stocks would be much greater than whatever money you would save off tax deductions and lower interest rates

i think you mentioned you were not incoprorated though, which helps explain whyy you think the way you think. i think that once you incorporate, you will be able to deduct a bunch of nonsense from your taxes (e.g. tens of thousands of dollars of depreciation every year).

the only valid rationale that i can think of behind buying a house cash would be that you want to keep your investment money separate from your spending money, and therefore want a personal cash flow that is not hampered by personal (as opposed to corporate) mortgage payments

I bought my house over 4 years ago fairly cheap, and refinanced it late last year @ 2.365% I basically got the best of both worlds. Paying the loan back will be easy with inflation going crazy in the future, but that all hinges on wages going up with has historically been the problem.

I had a roommate years ago tell me that he drove expensive cars because "you're always going to have to have a car payment every month anyway".

Lol I paid cash for a ~5k mile used card and didn't have a car payment for a decade. Like yeah if you want to drive new/nice cars, but you HAVE to have a monthly payment?

Dude made $100k and lived paycheck to paycheck some people are legit financially retarded.

Lmao whatever helps you sleep at night boyo

Sold 3 properties this financial year alone

Might close out a fourth

Always easier to cop a good deal on the land when you aren’t messing around with appraisals and dropping straight cash

^^ Well throwing more cash at a mortgage can also reduce your debt-to-income and service ratios, expanding your ability to assume more mortgages. And if you want to go the 140 IQ route, you can throw cash at a mortgage and then use a low interest HELOC to buy more.

This is why you shoul always own more than one property and also that's why land, not houses themselves is always a solid investment.

Buy a property as your home base
Buy more properties when the market is cold and sell when hot for profit
Buy LAND in future growth areas to develop in the future, always be on the look for and buy land, it's a better investment in the long run than finished properties as you can develop them and make profit on the land, construction and sale of the finished product

LAND boyos that's where it's at.

I can be both a communist and wealthier than you son (which I am btw)

You sound very mad , take a nap and come back later boyo.

millaionre

millaionre

MILLIAIONRE

LOL

maybe when you're wealthy you'll get to afford and education, lol. Do you have pictures of your accounts saved in order to "own" strangers on the internet? LMAO you're pathetic son.

btw LOL @ thinking that having 350K is being "wealthy" that's poorcel menatlity right there.

it depends relatively that is why these threads are irrelevant just lol at you proving to him your net worth - communist dictators head of gov owned everything in a country actually

I am worth 66% of what you are (edited for mistake) at age 24 from inheritance alone in a country where everything is cheaper but it is about how much you have and whether the investment is safe


although the principle in the OP is correct, rentceldom IMHO is always a LOSS unless:

a) you want flexibility and capital to be invested somewhere else more important for you (education etc) instead of a downpayment at this stage of your life

b) somehow you have other types of investments that give you better returns with similar risk

/thread.

I mean the context of that logic is pretty clear...no **** if its an investment vehicle, higher is better.

I'm not Peruvian, my family is not Peruvian... I 'm not in Peru so...? I just put that in my location because it drives simple minded, uncultured small dicked rednecks such as your self LIVID for some reason. They just cant accept a "Peruvian" disagreeing with them, thanks a lot for the entertainment kid you're making LOL incredibly hard with your blatant insecurities and internal rage (yo DO have a small dick do you?)

Anyway thanks for the laughs, and no. You're not wealthier than I am, unlike you my plebcel friend I come from an aristocrat lineage . Keep coping and work on those anger issues (srs) they won't do you any good in life and you'll just become more bitter and bitter over time. Thanks for the laughs again, It makes me so entertained when plebcels get IRATE at the thought of a Peruvian communist having a different opinion than theirs .

just lol at mortgagecels coming up with every excuse to keep paying 1k+ a month for 25 years. ohhhh it will be worth 10x as much in 3 years!!1 ohhh i will sell it for so much profit!!! ohh lol i own it!!!

brb they pay 1700 a month for a house and i pay 900 for an apartment and invest the rest. we both sit in a room and internet, JUST LOL

You never really "own" any of your properties anyway. And the way it's going you might be housing some "climate refugees" whether you like it or not in the next 10-15 years.

We all have to pay for a place to live. The difference is I'm locked in at sub $600 per month on a 1875 square foot home + garage for the next 30 years. Check back in over the next 10, 20 and 30 years and lets see what your paying.


Got my rate low by getting enough equity into my home then refinancing at this juicy low rate.


Can't help but lol at rentcels. Rent houses in my area the size of my home are now at 1850 per month.

You save up $5K to buy your first $120K house at a high interest rate


Housing market rises 5% in 6 months

Now you can choose to put more than double your original downpayment on a better house or better interest.

In my personal case, housing market rose to profit me $100K net

Allowed me to pay off all debts and cover a 20% downpayment on a new, bigger, better home at a better interest rate.

If you attest the small brain black ket statement "a rising tide raises all ships" it's because you dont understand money.

So that rules out the US

americucks in shambles