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Updated over 7 years ago on . Most recent reply
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200k to invest. Buying a rental property during medical school?
200k to invest. Buying a rental property during medical school? I plan on going to medical school in the Houston, Texas area. I am wondering if I should rent and invest my money in stock market or buy rental properties? What is the best way to go?
I was thinking to earn money while I am going to school so the 4 years of medical school time is not wasted. How much time would I need to devote to my rental properties?
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@Bryan Tasumi, I always recommend: invest in BARGAIN properties (rather than bother with shares). Having all cash should give you a great opportunity to buy at significant discounts from motivated/desperate Sellers, but, will still require you to be CAREFUL with your due diligence, because once it's spent, it's spent!
Why property instead of shares? #1: You maintain control over specific value-adding potential. #2: You ALWAYS have to pay full market value for shares. #3: You're MUCH more reliant on the whim of the economy with shares, vs. property.
#4: People always need to live SOMEWHERE (even you).
#5: It's much easier to BORROW to buy property, vs. shares (and STILL obtain positive cash flow). My 2c...