Would you spend 90K to cashflow?

[Scott Po]

I have a leverage question, would you spend $90k to get a property with a $1300 mortgage when comps in the market would be closer to $2200?

If I go VA, I could get a similar property for no money down but have that $2200 mortgage. Or I go $90k down and get a $1300 mortgage.

[Nathan Gesner]

Quote from @Scott Po:

I would pay the $90,000 now. You'll earn it back in about four years, maybe less, thanks to the lower mortgage payments.

I also recommend you consider yourself a Tenant. Pay $950 each month just like the other renters. This keeps you in the habit of budgeting for living expenses and is a method of forced savings. You should earn $4,750 a month with five rooms rented (including yours) which means you can set aside $2,000 or more every single month. You could probably save up another $90,000 in 3-4 years, then rinse and repeat.