$50,000 cash and a house (3 bed 2 bath, about 2000 sq fr) worth about $300,000 with $160,000 left on the mortgage

Assume you were smart and refinanced when rates were rock bottom, so your mortgage payment is only about $1000/month

You could easily rent out the house for at least $1500/month ($1800 is what comparable houses currently rent for in your area)

Fuk you misc

Give me the 200k, I already have a house

200k

so basically would I rather have 150k cash or 140k equity in a house + a 160k mortgage at rock bottom rates.

I'd probably take the 160k mortgage honestly. Because a mortgage financed at bottom dollar is worth more than 10k.

cash and put it all on btc

So $200k or $140k + 50k = 190k?


Why is anyone going for the poverty house?

Does OP know that these house things can be bought and sold?

Take the house and flip it for 300k cash

Now I have 350k

Cash is king

A lot of it would depend on where you're at in life and what you're doing. The area of the house. How flexible you want to be. Etc.


Both can be good options but depending. IE house in a ****/declining area would suck. 200K and investing it something that goes dead or flat would suck.

It’s a low estimate on what the house would sell for, but the math would equal out

It’s not hypothetical, it’s would you rather have all the cash or some cash and a lot of home equity?
That’s the point sht head
I own the house
The question is keep the house and some cash or sell the house and have a lot more cash?


Some context I guess
I’ve lived in my house for 4 years
2.25% fixed interest rate, 27 years left on a 30 year mortgage
I’m moving because I’m tired of living here and want to go do something different, maybe go travel for a while
So, should I cash out and have a lot of money, or keep the house and try to get some good tenant to rent it out?
$1000 mortgage payment
The rental market in my area is brutal for renters, like I said it would easily rent for $1500 if not $1800
$200,000 is a decent chunk of cash, but by no means a mogger amount


Stay tuned for next weeks thread, “What would you do with $200,000 in cash?”

The second option with the mortgage

I'm assuming you're either trolling or have never owned a house...or reading comprehension. OP says you owe 160k on the house in his example

'You have x amount of wealth do you apportion some of it to a house, or not?'

Wow you're really tackling the big topics here!

Do you buy the thing or the other thing? Or the thing?

Cash baby. And I’d put it all on black.

you're thinking about this as a math equation when it should be a lifestyle equation.

if you can successfully rent out the house, that's likely the better return. but that's a big life decision, do you want to deal with renting out a house? if you do, go for it.

House is MUCH better mathematically if the interest rate is low

I'd still go with the cash.

If the goal is to rent it out like you mention in the first post if you have the cash you could put 20% down on 2 $400k houses, still have $40k left over, and rent out two houses that are nicer than the $300k house.

Sure the mortgages would be higher because the rates would be higher as well, but you'd essentially be splitting the money you have dumped into the mortgage of the first and spread it to two properties that you could rent out.

So if you're renting a $300k house for $1500, let's just project that you could rent out 2 $400k houses for $2000 each, or $4000 total.